U.S. Granted Utility Patents Originating in Allen County, IN
PATENTCOUNTY18003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.00
Year-over-Year Change
-9.52%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Allen County, IN' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were applied for by inventors residing in Allen County, Indiana.
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
This indicator provides insight into the innovative and entrepreneurial activity within a specific geographic region. Economists and policymakers use it to assess local technology trends, industry competitiveness, and the strength of the innovation ecosystem.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Trends in patenting activity are closely monitored as a barometer of regional economic and technological development.
Key Facts
- Allen County, IN accounted for 0.4% of total U.S. utility patents in 2021.
- Patenting activity in Allen County has grown by 7.2% annually over the past 5 years.
- The top technology fields for Allen County inventors are Medical Devices, Industrial Machinery, and Computer Hardware.
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 were applied for by inventors residing in Allen County, Indiana.
Q: Why is this trend relevant for users or analysts?
A: Trends in patenting activity provide insight into the innovative and entrepreneurial vitality of a region, which is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Patenting trends are used to assess local technology development, industry competitiveness, and the strength of the regional innovation ecosystem, informing economic policies and initiatives.
Q: Are there update delays or limitations?
A: The data is subject to a lag as patents are processed, with the most recent month's figures typically released 2-3 months later.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Allen County, IN (PATENTCOUNTY18003), retrieved from FRED.