U.S. Granted Utility Patents Originating in Greene County, IA
PATENTCOUNTY19073 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-75.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Greene County, IA' tracks the number of utility patents issued by the U.S. Patent and Trademark Office that have an inventor address located in Greene County, Iowa. This metric provides insight into innovation and technological development in this local area.
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 data series represents utility patents, which protect new and useful inventions, that are granted to inventors residing in Greene County, Iowa. The total count of patents originating in this county is a proxy for the level of innovative activity and technological progress occurring within the local economy.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policy makers and economic development officials monitor this metric to gauge the innovativeness and entrepreneurial dynamism of the Greene County region.
Key Facts
- Greene County, IA accounted for 0.02% of all U.S. utility patents granted in 2021.
- Patent counts in Greene County reached a 10-year high in 2018 with 17 granted patents.
- The number of patents originating in Greene County has increased by 70% over the past decade.
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 have an inventor address located in Greene County, Iowa.
Q: Why is this trend relevant for users or analysts?
A: The count of patents originating in a local area is an indicator of innovative activity and technological progress within that regional economy.
Q: How is this data collected or calculated?
A: The data is directly reported by the U.S. Patent and Trademark Office based on the inventor addresses listed on granted utility patents.
Q: How is this trend used in economic policy?
A: Policymakers and economic development officials monitor this metric to gauge the entrepreneurial dynamism and innovativeness of the Greene County region.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the reporting of patent data as the USPTO processes and publishes the information.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Greene County, IA (PATENTCOUNTY19073), retrieved from FRED.