U.S. Granted Utility Patents Originating in Tyler County, WV
PATENTCOUNTY54095 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Tyler County, WV' series tracks the number of utility patents granted to inventors located in Tyler County, West Virginia by the U.S. Patent and Trademark Office. This metric provides insights into 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 new, useful, and non-obvious inventions. The number of utility patents originating from a specific county is an indicator of local technological capacity and innovative activity. Economists and policymakers analyze this data to understand regional trends in research, development, and commercialization.
Methodology
The data is collected by the U.S. Patent and Trademark Office and aggregated by county.
Historical Context
Tracking patent activity helps inform policies aimed at fostering innovation and economic growth in specific regions.
Key Facts
- Tyler County, WV is home to over 9,000 residents.
- Patent grants peaked in Tyler County in 2015 at 47 utility patents.
- The county has seen a decline in patent activity since 2018.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of utility patents granted to inventors located in Tyler County, West Virginia by the U.S. Patent and Trademark Office.
Q: Why is this trend relevant for users or analysts?
A: The number of utility patents originating from a specific county is an indicator of local technological capacity and innovative activity, which is important for understanding regional economic development.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and aggregated by county.
Q: How is this trend used in economic policy?
A: Tracking patent activity helps inform policies aimed at fostering innovation and economic growth in specific regions.
Q: Are there update delays or limitations?
A: The data may have a delay in reporting due to the time required for patent applications to be processed and granted.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Tyler County, WV (PATENTCOUNTY54095), retrieved from FRED.