U.S. Granted Patents: Total Patents Originating in Georgia
Number, Annual, Not Seasonally Adjusted
PATENTUSGATOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,365.00
Year-over-Year Change
112.30%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'Number, Annual, Not Seasonally Adjusted' trend measures the total number of utility patent applications filed with the United States Patent and Trademark Office (USPTO) each year. This data is a key indicator of innovation and technological progress in the U.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
This annual patent application data provides insights into the rate of new inventions and product development across industries. Policymakers and economists use this metric to assess the health and dynamism of the U.S. innovation ecosystem.
Methodology
The USPTO collects and aggregates data on the total number of utility patent applications filed each calendar year.
Historical Context
Trends in patent activity are closely watched by government agencies, investors, and industry analysts as a barometer of American competitiveness and future economic growth.
Key Facts
- The U.S. received over 600,000 utility patent applications in 2021.
- Patent applications have increased by over 50% in the last decade.
- Technology and pharmaceuticals are the leading sectors for patent filings.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of utility patent applications filed with the United States Patent and Trademark Office (USPTO) each year.
Q: Why is this trend relevant for users or analysts?
A: Trends in patent activity are a key indicator of innovation and technological progress in the U.S. economy, providing insights into new product development and competitiveness.
Q: How is this data collected or calculated?
A: The USPTO collects and aggregates data on the total number of utility patent applications filed each calendar year.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor patent application data to assess the health and dynamism of the U.S. innovation ecosystem and inform decisions around competitiveness, research and development, and economic growth.
Q: Are there update delays or limitations?
A: The USPTO patent application data is released annually with a short delay, providing a timely but not real-time view of innovation trends.
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Citation
U.S. Federal Reserve, Number, Annual, Not Seasonally Adjusted (PATENTUSGATOTAL), retrieved from FRED.