U.S. Granted Patents: Utility Patents Originating in Delaware
PATENTUSDEUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
333.00
Year-over-Year Change
2.46%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Utility Patents Originating in Delaware' trend measures the number of utility patents granted to inventors from the state of Delaware. This metric is an important indicator of technological innovation and economic activity within the state.
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 intellectual property right granted to new, useful, and non-obvious inventions. This series tracks the total number of utility patents originating from Delaware, providing insights into the state's innovation capacity and competitiveness.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economists use this trend to assess Delaware's performance in fostering a thriving innovation ecosystem.
Key Facts
- Delaware ranked 36th among U.S. states for utility patents in 2021.
- The number of utility patents originating in Delaware has grown by 23% over the past decade.
- High-tech industries like pharmaceuticals and chemicals account for a large share of Delaware's utility patents.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Utility Patents Originating in Delaware' trend measures the number of utility patents granted to inventors from the state of Delaware by the U.S. Patent and Trademark Office.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the innovation capacity and competitiveness of the Delaware economy, which is valuable information for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office, the federal agency responsible for issuing patents.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this trend to assess Delaware's performance in fostering a thriving innovation ecosystem and to inform policies that support technological advancement and entrepreneurship.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the series may not capture all patents originating in Delaware due to limitations in the reporting process.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Delaware (PATENTUSDEUTILITY), retrieved from FRED.