U.S. Granted Utility Patents Originating in Bath County, VA
PATENTCOUNTY51017 • 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 Bath County, VA' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that were filed by inventors located in Bath County, Virginia.
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, useful, and non-obvious inventions. Tracking patent trends at the county level provides insights into regional innovation and entrepreneurial activity, which are important indicators of economic development.
Methodology
The data is collected directly from U.S. patent records.
Historical Context
Patent data is used by policymakers, researchers, and businesses to inform economic and innovation policy.
Key Facts
- Bath County, VA is a rural county in western Virginia.
- Patent grants indicate new inventions and technology development.
- Patent data helps measure regional innovation and entrepreneurship.
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 originated from inventors located in Bath County, Virginia.
Q: Why is this trend relevant for users or analysts?
A: Patent data provides insights into regional innovation and entrepreneurial activity, which are important indicators of economic development and can inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. patent records.
Q: How is this trend used in economic policy?
A: Patent data is used by policymakers, researchers, and businesses to inform economic and innovation policy at the regional and national levels.
Q: Are there update delays or limitations?
A: There may be delays in reporting due to the time required to process and publish patent data.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Bath County, VA (PATENTCOUNTY51017), retrieved from FRED.