U.S. Granted Patents: Utility Patents Originating in Georgia
PATENTUSGAUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,942.00
Year-over-Year Change
118.90%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Utility Patents Originating in Georgia' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors residing in the state of Georgia. This metric is a key indicator of innovative activity and technological progress 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 patent granted for new and useful inventions or discoveries. The 'U.S. Granted Patents: Utility Patents Originating in Georgia' data series tracks the total number of utility patents issued to Georgia-based inventors, providing insights into the state's capacity for innovation and technological development.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office based on the state of residence for each granted patent.
Historical Context
This patent data is used by economists, policymakers, and industry analysts to evaluate Georgia's competitiveness and growth potential in technology-driven sectors.
Key Facts
- Georgia was granted 8,301 utility patents in 2021.
- The state's utility patent output has grown by 42% over the past decade.
- Georgia ranks 8th among U.S. states for total utility patents granted.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Utility Patents Originating in Georgia' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors residing in the state of Georgia.
Q: Why is this trend relevant for users or analysts?
A: This patent data provides key insights into innovative activity and technological progress within the state of Georgia, which is useful for economists, policymakers, and industry analysts evaluating the state's competitiveness and growth potential.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office based on the state of residence for each granted patent.
Q: How is this trend used in economic policy?
A: This patent data is used by economists, policymakers, and industry analysts to evaluate Georgia's competitiveness and growth potential in technology-driven sectors, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: There may be a several-month delay in the reporting of the most recent patent data by the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Georgia (PATENTUSGAUTILITY), retrieved from FRED.