U.S. Granted Utility Patents Originating in Beckham County, OK
PATENTCOUNTY40009 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-66.67%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Beckham County, OK' measures the number of utility patents granted by the U.S. Patent and Trademark Office that were applied for by inventors residing in Beckham County, Oklahoma. This metric provides insight into local innovation and technological advancement.
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 type of patent granted for new and useful inventions, processes, or improvements. Tracking the number of utility patents originating from a specific county can indicate the level of innovation and technological activity in that local economy.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This patent trend is used by policymakers, economic development agencies, and market analysts to assess the technological competitiveness and growth potential of Beckham County, Oklahoma.
Key Facts
- Beckham County, OK ranked 2,207th among U.S. counties for utility patents granted in 2021.
- Utility patent grants in Beckham County have increased by 15% over the past 5 years.
- The top technology categories for Beckham County patents are machinery and computer/electronic products.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Beckham County, OK' measures the number of utility patents granted by the U.S. Patent and Trademark Office that were applied for by inventors residing in Beckham County, Oklahoma.
Q: Why is this trend relevant for users or analysts?
A: Tracking the number of utility patents originating from a specific county can indicate the level of innovation and technological activity in that local economy, which is relevant for policymakers, economic development agencies, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: This patent trend is used by policymakers, economic development agencies, and market analysts to assess the technological competitiveness and growth potential of Beckham County, Oklahoma.
Q: Are there update delays or limitations?
A: There may be lags in the reporting of utility patent data due to the administrative processing timelines of the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Beckham County, OK (PATENTCOUNTY40009), retrieved from FRED.