U.S. Granted Utility Patents Originating in Becker County, MN
PATENTCOUNTY27005 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
0.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Becker County, MN' trend tracks the number of utility patents granted annually that originate from Becker County, Minnesota. This metric is used by economists and policymakers to analyze 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
This series measures the total number of utility patents granted by the U.S. Patent and Trademark Office that list an inventor's address in Becker County, Minnesota. Utility patents protect new and useful inventions, representing commercial and technological progress within a local economy.
Methodology
The data is collected and calculated by the U.S. Patent and Trademark Office.
Historical Context
Trends in granted patents are used to evaluate the innovative capacity and competitiveness of regional economies.
Key Facts
- Becker County, MN is home to over 36,000 residents.
- In 2021, 104 utility patents were granted to Becker County inventors.
- Patent activity peaked in Becker County in 2018 with 128 granted patents.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of utility patents granted annually that originate from Becker County, Minnesota. Utility patents represent new and useful inventions.
Q: Why is this trend relevant for users or analysts?
A: Trends in granted patents are used by economists and policymakers to analyze the innovation and technological development of regional economies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Patent activity is used to evaluate the innovative capacity and competitiveness of regional economies, informing economic development strategies.
Q: Are there update delays or limitations?
A: There can be a 1-2 year delay in reporting granted patents data at the county level.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Becker County, MN (PATENTCOUNTY27005), retrieved from FRED.