U.S. Granted Patents: Total Patents Originating in Arkansas
PATENTUSARTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
535.00
Year-over-Year Change
251.97%
Date Range
1/1/1992 - 1/1/2020
Summary
This trend measures the total number of patents originating in the U.S. state of Arkansas. It provides insight into the innovation and technological activity within the state's economy.
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: Total Patents Originating in Arkansas series tracks the volume of patents issued to inventors and businesses located in Arkansas. This data is a key indicator of the state's scientific and technological output.
Methodology
The data is collected by the U.S. Patent and Trademark Office and published through the Federal Reserve Economic Data (FRED) system.
Historical Context
Policymakers and analysts use this metric to assess Arkansas' competitiveness and attractiveness for technology-driven industries and investment.
Key Facts
- Arkansas ranked 34th among U.S. states for total patents in 2021.
- Patent activity in Arkansas has grown by 25% over the past decade.
- The leading patent-producing industries in Arkansas are advanced manufacturing and software development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of patents originating from the U.S. state of Arkansas. It provides insight into the innovation and technological activity within the state's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for understanding Arkansas' competitiveness and attractiveness for technology-driven industries and investment.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and published through the Federal Reserve Economic Data (FRED) system.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Arkansas' scientific and technological output, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 6-12 months after the end of the reporting period.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Arkansas (PATENTUSARTOTAL), retrieved from FRED.