U.S. Granted Utility Patents Originating in Greenbrier County, WV
PATENTCOUNTY54025 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-50.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Greenbrier County, WV' series tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originated from Greenbrier County, West Virginia. This metric is a key indicator of innovative activity and technological development within the county.
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. Tracking the number of utility patents originating from a specific county provides insights into the local economy's technological capacity and innovative potential.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by county of origin.
Historical Context
Policymakers and economic development organizations use this data to assess the innovative climate and competitiveness of local regions.
Key Facts
- Greenbrier County, WV had 15 utility patents granted in 2021.
- Patents are a key driver of economic growth and competitiveness.
- The U.S. issued over 300,000 utility patents in 2021.
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 Greenbrier County, West Virginia.
Q: Why is this trend relevant for users or analysts?
A: Tracking the number of utility patents from a specific county provides insights into the local economy's innovative capacity and technological development, which are key drivers of economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office and aggregated by county of origin.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations use this data to assess the innovative climate and competitiveness of local regions, informing strategies to attract and retain businesses and talent.
Q: Are there update delays or limitations?
A: There may be delays in reporting due to the time required for patent applications to be processed and granted by the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Greenbrier County, WV (PATENTCOUNTY54025), retrieved from FRED.