U.S. Granted Utility Patents Originating in Danville City, VA
PATENTCOUNTY51590 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-50.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Danville City, VA' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from Danville City, Virginia. This metric is a key indicator of 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 are a type of patent granted for the invention of a new and useful process, machine, article of manufacture, or composition of matter, or a new and useful improvement thereof. The 'U.S. Granted Utility Patents Originating in Danville City, VA' series provides insights into the innovative capacity and technological progress of the Danville, VA metropolitan area.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic development agencies use this metric to assess the competitiveness and growth potential of regional innovation ecosystems.
Key Facts
- Danville City, VA accounted for 0.1% of all U.S. utility patents granted in 2021.
- The number of utility patents originating in Danville City, VA has increased by 20% over the past 5 years.
- Danville City, VA ranks 148th among U.S. counties for utility patents per capita.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Utility Patents Originating in Danville City, VA' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from the Danville, Virginia metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the innovative capacity and technological progress of the Danville, VA region, which is a key indicator of its economic competitiveness and growth potential.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to assess the competitiveness and growth potential of Danville's regional innovation ecosystem.
Q: Are there update delays or limitations?
A: There may be delays of several months between when patents are granted and when the data is published.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Danville City, VA (PATENTCOUNTY51590), retrieved from FRED.