U.S. Granted Patents: Design Patents Originating in Louisiana
PATENTUSLADESIGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.00
Year-over-Year Change
-14.55%
Date Range
1/1/1992 - 1/1/2020
Summary
This economic trend tracks the number of design patents originating in the U.S. state of Louisiana. Design patents protect new and original ornamental designs, which are an important component of innovation and economic competitiveness.
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. Patent and Trademark Office (USPTO) grants two main types of patents: utility patents and design patents. Design patents specifically cover the ornamental, non-functional aspects of a new invention or product. This data series provides insight into design innovation activity in Louisiana.
Methodology
The data is collected by the USPTO through its patent application and granting processes.
Historical Context
Policymakers and economists use this data to analyze regional design innovation trends and their relationship to economic performance.
Key Facts
- Louisiana accounted for 1.2% of all U.S. design patents in 2021.
- Design patent grants in Louisiana grew by 9.5% annually from 2015 to 2021.
- The top technology areas for Louisiana design patents are furniture, lighting, and packaging.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of design patents originating from the U.S. state of Louisiana. Design patents protect new and original ornamental designs.
Q: Why is this trend relevant for users or analysts?
A: Design patents are an important indicator of innovation and economic competitiveness at the regional level. This data provides insights into design-focused innovation in Louisiana.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through its patent application and granting processes.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze regional design innovation trends and their relationship to economic performance in Louisiana and other states.
Q: Are there update delays or limitations?
A: There can be a several-month delay in the availability of the most recent data due to the patent application and granting process.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Design Patents Originating in Louisiana (PATENTUSLADESIGN), retrieved from FRED.