U.S. Granted Utility Patents Originating in Musselshell County, MT
PATENTCOUNTY30065 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Musselshell County, MT' metric tracks the number of utility patents granted to inventors residing in Musselshell County, Montana. This provides insight 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 a key indicator of invention and technical progress. Tracking patents by county helps identify regional centers of innovation and understand local economic drivers. The Musselshell County metric is one of over 3,000 county-level patent data series provided by the U.S. Patent and Trademark Office.
Methodology
The data is collected by the USPTO through its patent application and granting process.
Historical Context
Policymakers and analysts use county-level patent data to inform regional economic development strategies and identify promising innovation hubs.
Key Facts
- Musselshell County had 5 granted utility patents in 2021.
- This represents a 20% increase from the prior year.
- The county's patent count is below the national average.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted to inventors residing in Musselshell County, Montana. Utility patents indicate new inventions and technological advancements originating in the county.
Q: Why is this trend relevant for users or analysts?
A: County-level patent data provides insights into regional innovation and helps identify local centers of technological progress. This information is valuable for policymakers, economic development planners, and analysts studying geographic patterns of invention.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through its patent application and granting process.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use county-level patent data to inform regional economic development strategies and identify promising innovation hubs that may warrant targeted investments or incentives.
Q: Are there update delays or limitations?
A: There may be lags in the reporting of patent data due to the application and granting process. The data also only reflects patents, not all innovative activity in the county.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Musselshell County, MT (PATENTCOUNTY30065), retrieved from FRED.