U.S. Granted Patents: Utility Patents Originating in Alabama
PATENTUSALUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
537.00
Year-over-Year Change
92.47%
Date Range
1/1/1992 - 1/1/2020
Summary
This economic trend measures the number of utility patents originating in the U.S. state of Alabama. Utility patents are a key indicator of technological innovation and economic competitiveness.
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
The U.S. Granted Patents: Utility Patents Originating in Alabama trend tracks the total number of utility patents issued by the U.S. Patent and Trademark Office that were filed by inventors residing in the state of Alabama. Utility patents protect new and useful inventions and are a widely used metric for assessing regional innovation.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This trend is closely monitored by economists, policymakers, and business leaders to gauge Alabama's technological development and competitiveness.
Key Facts
- Alabama ranked 20th among U.S. states for utility patents in 2021.
- The number of utility patents originating in Alabama has grown by 30% over the past decade.
- Alabama's leading patent-producing industries include aerospace, automotive, and biotechnology.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of utility patents issued by the U.S. Patent and Trademark Office that were filed by inventors residing in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: Utility patents are a key indicator of technological innovation and economic competitiveness, making this trend important for evaluating Alabama's innovation capacity and economic development.
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: This trend is closely monitored by economists, policymakers, and business leaders to gauge Alabama's technological development and competitiveness, informing economic policies and strategies.
Q: Are there update delays or limitations?
A: The data is reported with a lag, and may not fully capture all patents issued in the most recent period.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Alabama (PATENTUSALUTILITY), retrieved from FRED.