U.S. Granted Utility Patents Originating in Dewey County, OK
PATENTCOUNTY40043 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Dewey County, OK' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Dewey County, Oklahoma. This metric provides insight into the region's 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 trend tracks the volume of utility patents granted to inventors and innovators based in Dewey County, Oklahoma. Utility patents protect new and useful inventions, so this data reflects the county's capacity for technological innovation and commercialization.
Methodology
The data is collected by the U.S. Patent and Trademark Office and published through the Federal Reserve Economic Data (FRED) platform.
Historical Context
Policymakers and economists monitor patent activity as an indicator of regional competitiveness and technological progress.
Key Facts
- Dewey County is a rural county in western Oklahoma.
- The county has a population of under 5,000 people.
- Patent activity can signal economic and technological dynamism in smaller regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Dewey County, Oklahoma.
Q: Why is this trend relevant for users or analysts?
A: Patent activity is an important indicator of technological innovation and commercialization, so this data provides insights into the economic and technological competitiveness of Dewey County.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office and published through the Federal Reserve Economic Data (FRED) platform.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor patent activity as a measure of regional competitiveness and technological progress, which can inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag, so there may be delays in reflecting the most recent patent activity in Dewey County.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Dewey County, OK (PATENTCOUNTY40043), retrieved from FRED.