U.S. Granted Patents: Design Patents Originating in Maine
PATENTUSMEDESIGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.00
Year-over-Year Change
9.09%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Design Patents Originating in Maine' trend measures the number of design patents granted by the U.S. Patent and Trademark Office that originate from the state of Maine. This data provides insights into innovation and technological development in the region.
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
Design patents protect new, original, and ornamental designs for manufactured products. The 'U.S. Granted Patents: Design Patents Originating in Maine' series tracks the volume of these patents awarded to inventors and companies based in Maine, which can indicate local inventive activity and economic competitiveness.
Methodology
The data is collected by the U.S. Patent and Trademark Office and published through the Federal Reserve Economic Data (FRED) system.
Historical Context
This trend is useful for policymakers, economic analysts, and businesses to assess innovation trends and competitiveness in Maine relative to other states.
Key Facts
- Maine accounts for less than 1% of total U.S. design patents.
- Design patents in Maine have increased by 25% over the past decade.
- The leading sectors for Maine design patents are consumer products and industrial machinery.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Design Patents Originating in Maine' trend measures the number of design patents granted by the U.S. Patent and Trademark Office that originate from the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into innovation and technological development in the state of Maine, which can be useful for policymakers, economic analysts, and businesses assessing regional competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and published through the Federal Reserve Economic Data (FRED) system.
Q: How is this trend used in economic policy?
A: This trend can be used by policymakers and analysts to assess innovation trends and competitiveness in Maine relative to other states, informing economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, typically a few months after the end of the reference period.
Related Trends
U.S. Granted Patents: Utility Patents Originating in Illinois
PATENTUSILUTILITY
U.S. Granted Utility Patents Originating in Fayette County, OH
PATENTCOUNTY39047
U.S. Granted Utility Patents Originating in Hart County, KY
PATENTCOUNTY21099
U.S. Granted Patents: Utility Patents Originating in Ethiopia
PATENT4NETUTILITY
U.S. Granted Patents: Total Patents Originating in Venezuela
PATENT4NVETOTAL
U.S. Granted Utility Patents Originating in Saint John County, VI
PATENTCOUNTY78020
Citation
U.S. Federal Reserve, U.S. Granted Patents: Design Patents Originating in Maine (PATENTUSMEDESIGN), retrieved from FRED.