U.S. Granted Patents: Total Patents Originating in Hawaii
PATENTUSHITOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
161.00
Year-over-Year Change
59.41%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Hawaii' trend measures the total number of patents granted by the U.S. Patent and Trademark Office that originated from inventors located in the state of Hawaii. This data provides insight into the innovation and technological development occurring in the Hawaiian 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 economic indicator tracks the volume of new patents granted to innovators based in Hawaii. Patents are an important metric for measuring technological progress and the commercial viability of new inventions and ideas. Monitoring patent activity in Hawaii can help policymakers and economists understand the state's innovation ecosystem and competitiveness.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economic analysts use this patent data to assess Hawaii's position in the national and global innovation landscape.
Key Facts
- Hawaii ranks 40th among U.S. states for total patents granted.
- Patent activity in Hawaii has grown by 24% over the past decade.
- The most common patent types from Hawaii are in the fields of medical technology and computer hardware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of patents granted by the U.S. Patent and Trademark Office that originated from inventors located in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: Monitoring patent activity in Hawaii provides insight into the state's innovation ecosystem and competitiveness, which is important for policymakers and economists analyzing 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: Policymakers and economic analysts use this patent data to assess Hawaii's position in the national and global innovation landscape.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Hawaii (PATENTUSHITOTAL), retrieved from FRED.