U.S. Granted Utility Patents Originating in Morgan County, UT
PATENTCOUNTY49029 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
66.67%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Morgan County, UT' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors based in Morgan County, Utah. This data 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
This economic indicator tracks the volume of utility patents granted to inventors residing in Morgan County, Utah. Utility patents protect new and useful inventions, making this metric a proxy for innovative activity and technological development in the region.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office based on the residential location of patent applicants.
Historical Context
Policymakers and economists use this data to assess the entrepreneurial and innovative climate in Morgan County and surrounding areas.
Key Facts
- Morgan County, UT is home to over 12,000 residents.
- Utility patents account for the majority of all U.S. patents granted.
- Patent activity can drive economic growth and job creation.
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 inventors based in Morgan County, Utah.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of innovative and technological activity occurring in the Morgan County region, which is useful for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported 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: Policymakers and economists use this data to assess the entrepreneurial and innovative climate in Morgan County and surrounding areas, which can inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines of the U.S. Patent and Trademark Office, which may result in update delays of a few months.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Morgan County, UT (PATENTCOUNTY49029), retrieved from FRED.