U.S. Granted Patents: Design Patents Originating in Minnesota
PATENTUSMNDESIGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
372.00
Year-over-Year Change
19.61%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Design Patents Originating in Minnesota' trend measures the number of design patents granted to inventors residing in the state of Minnesota. This metric is useful for economists and policymakers to analyze innovation and intellectual property trends 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 the unique ornamental or aesthetic characteristics of an invention. Tracking design patents originating in Minnesota provides insights into the state's creative and technological output compared to other regions.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
This trend is used by economists, investors, and policymakers to evaluate innovation and competitiveness in Minnesota's economy.
Key Facts
- Design patents account for around 10-15% of total U.S. patents granted annually.
- Minnesota ranks among the top 10 U.S. states for design patent generation.
- Trends in design patents are closely watched as a measure of creative and technological output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of design patents granted to inventors residing in the state of Minnesota by the U.S. Patent and Trademark Office.
Q: Why is this trend relevant for users or analysts?
A: Tracking design patents originating in Minnesota provides insights into the state's innovation and creative output compared to other regions, which is valuable for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: This trend is used by economists, investors, and policymakers to evaluate innovation and competitiveness in Minnesota's economy.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically 1-2 months, and may be subject to revisions by the source.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Design Patents Originating in Minnesota (PATENTUSMNDESIGN), retrieved from FRED.