U.S. Granted Utility Patents Originating in Moultrie County, IL
PATENTCOUNTY17139 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.00
Year-over-Year Change
100.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Moultrie County, IL' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors based in Moultrie County, Illinois. This data provides insights into regional innovation and technological development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Utility patents are granted for the invention of a new and useful process, machine, manufacture, or composition of matter, or a new and useful improvement thereof. This metric reflects patent activity and innovation output specific to Moultrie County, which can be analyzed alongside broader state and national trends.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the county of residence listed by patent applicants.
Historical Context
Patent data is closely monitored by policymakers, economists, and businesses to assess regional competitiveness and emerging technology sectors.
Key Facts
- Moultrie County is a rural county in central Illinois.
- Patent activity can indicate technological specialization and competitiveness.
- The U.S. grants over 300,000 utility patents per year nationwide.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors based in Moultrie County, Illinois.
Q: Why is this trend relevant for users or analysts?
A: Patent data provides insights into regional innovation and technological development, which is closely monitored by policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the county of residence listed by patent applicants.
Q: How is this trend used in economic policy?
A: Patent data is used to assess regional competitiveness and emerging technology sectors, informing economic development strategies and policies.
Q: Are there update delays or limitations?
A: There may be delays in reporting as the patent application and granting process can take several months.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Moultrie County, IL (PATENTCOUNTY17139), retrieved from FRED.