U.S. Granted Utility Patents Originating in Wright County, MN
PATENTCOUNTY27171 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.00
Year-over-Year Change
107.69%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Wright County, MN' series tracks the number of utility patents granted annually by the U.S. Patent and Trademark Office that originate from Wright County, Minnesota. This measure provides insight into innovation and technological development in the region.
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 new and useful inventions or improvements on existing technologies. The number of patents originating from a specific county can indicate the level of innovative activity and economic competitiveness of that area.
Methodology
The data is collected directly from U.S. Patent and Trademark Office records.
Historical Context
Policymakers and economic development agencies use this metric to assess the innovation ecosystem and competitiveness of local regions.
Key Facts
- Wright County, MN is home to over 140,000 residents.
- Patent grants peaked in 2016 at 304 for the county.
- Patents provide legal protection for new inventions.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted annually by the U.S. Patent and Trademark Office that originate from Wright County, Minnesota.
Q: Why is this trend relevant for users or analysts?
A: The number of patents originating from a county can indicate the level of innovative activity and economic competitiveness of that region, which is useful for policymakers and economic development agencies.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. Patent and Trademark Office records.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to assess the innovation ecosystem and competitiveness of local regions.
Q: Are there update delays or limitations?
A: There may be lags in reporting patent data due to the administrative process, and the data is limited to utility patents originating from Wright County, Minnesota.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Wright County, MN (PATENTCOUNTY27171), retrieved from FRED.