U.S. Granted Utility Patents Originating in Galveston County, TX
PATENTCOUNTY48167 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.00
Year-over-Year Change
55.26%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Galveston County, TX' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in Galveston County, Texas. This measure 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 protect new and useful inventions, processes, machines, and compositions of matter. Tracking patent grants by county helps identify geographic centers of innovation within the United States. The Galveston County metric is useful for evaluating the local entrepreneurial ecosystem and R&D activities.
Methodology
The data is collected by the U.S. Patent and Trademark Office and reported monthly.
Historical Context
Patent activity is a key indicator of technological progress and innovation that informs economic policymaking.
Key Facts
- Galveston County, TX ranked 75th among U.S. counties for utility patent grants in 2021.
- The number of Galveston County utility patents has grown by 20% over the past 5 years.
- Texas accounts for 8% of all U.S. utility patents granted.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Galveston County, TX' metric tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors residing in Galveston County, Texas.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent grants by county provides insight into regional innovation and technological development, which is useful for evaluating the local entrepreneurial ecosystem and R&D activities.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and reported monthly.
Q: How is this trend used in economic policy?
A: Patent activity is a key indicator of technological progress and innovation that informs economic policymaking.
Q: Are there update delays or limitations?
A: The data is reported monthly with no significant update delays.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Galveston County, TX (PATENTCOUNTY48167), retrieved from FRED.