U.S. Granted Utility Patents Originating in Columbus County, NC

PATENTCOUNTY37047 • 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 Columbus County, NC' metric tracks the number of utility patents issued by the U.S. Patent and Trademark Office that were applied for by inventors residing in Columbus County, North Carolina.

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 innovation and technological development occurring within a specific geographic region. The patent data can be used by policymakers, economists, and market analysts to assess the competitiveness and growth potential of local economies.

Methodology

The data is collected by the U.S. Patent and Trademark Office based on the residential location of patent applicants.

Historical Context

Trends in patenting activity are closely monitored as a key indicator of regional economic and innovative performance.

Key Facts

  • Columbus County, NC is home to over 55,000 residents.
  • The county's patent activity peaked in 2015 at 23 granted utility patents.
  • Patents originating in Columbus County account for less than 0.1% of total U.S. utility patents.

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 Columbus County, North Carolina.

Q: Why is this trend relevant for users or analysts?

A: Patent data provides insight into the innovation and technological development occurring within a specific geographic region, which is a key indicator of economic competitiveness and growth potential.

Q: How is this data collected or calculated?

A: The data is collected by the U.S. Patent and Trademark Office based on the residential location of patent applicants.

Q: How is this trend used in economic policy?

A: Trends in patenting activity are closely monitored by policymakers, economists, and market analysts as an indicator of regional economic and innovative performance.

Q: Are there update delays or limitations?

A: The patent data may have a delay of several months before being fully reported and published.

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Citation

U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Columbus County, NC (PATENTCOUNTY37047), retrieved from FRED.