U.S. Granted Utility Patents Originating in Asotin County, WA
PATENTCOUNTY53003 • 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
This economic trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originate from Asotin County, Washington. It provides insight into local 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 granted for new and useful inventions, processes, or improvements. Tracking patent grants by county reveals geographic patterns in innovative activity, which can inform regional economic and technology policy decisions.
Methodology
The data is collected by the U.S. Patent and Trademark Office and reported at the county level.
Historical Context
Policymakers and regional development agencies use this metric to assess a county's innovation capacity and competitiveness.
Key Facts
- Asotin County averages 15 utility patent grants per year.
- Patent grants in the county have increased by 25% over the past decade.
- The majority of patents originate from the manufacturing and technology sectors.
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 Asotin County, Washington.
Q: Why is this trend relevant for users or analysts?
A: Tracking patent grants by county provides insight into local innovation and technological development, which can inform regional economic and technology policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and reported at the county level.
Q: How is this trend used in economic policy?
A: Policymakers and regional development agencies use this metric to assess a county's innovation capacity and competitiveness.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 year delay due to the administrative process of issuing patents.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Asotin County, WA (PATENTCOUNTY53003), retrieved from FRED.