U.S. Granted Utility Patents Originating in Hidalgo County, TX
PATENTCOUNTY48215 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
55.56%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Hidalgo County, TX' tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Hidalgo County, Texas. This measure provides insight into the innovation and technological activity in the region.
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, machines, or compositions of matter. The number of utility patents originating from Hidalgo County is an indicator of the local area's contribution to technological advancement and new product development.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Historical Context
Policymakers and economic development organizations use this data to assess the innovative capacity and competitiveness of the Hidalgo County region.
Key Facts
- Hidalgo County is located in southern Texas, near the Mexico border.
- Patents are a key indicator of technological and scientific advancement.
- The number of patents originating from a region can attract investment and talent.
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 Hidalgo County, Texas.
Q: Why is this trend relevant for users or analysts?
A: The number of patents originating from a region is an important indicator of its innovative capacity and technological development, which can attract investment and talent.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this data to assess the competitiveness and growth potential of the Hidalgo County region.
Q: Are there update delays or limitations?
A: The data may have a delay of several months due to the patent application and granting process.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Hidalgo County, TX (PATENTCOUNTY48215), retrieved from FRED.