U.S. Granted Patents: Total Patents Originating in Mississippi
PATENTUSMSTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
205.00
Year-over-Year Change
44.37%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Mississippi' trend measures the total number of patents granted to inventors from the state of Mississippi. This metric provides insight into the level of innovation and technological activity 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
This economic indicator tracks the total number of patents granted to inventors based in Mississippi. It serves as a proxy for the state's innovation capacity and technological advancement. Economists and policymakers use this data to assess Mississippi's competitiveness and identify areas for potential investment or policy intervention.
Methodology
The data is collected by the U.S. Patent and Trademark Office, which tracks patent applications and grants by state of origin.
Historical Context
The number of patents originating in Mississippi is often used to benchmark the state's performance against national and regional trends, informing economic development strategies.
Key Facts
- Mississippi ranked 31st among U.S. states for total patents granted in 2021.
- The number of patents originating in Mississippi has increased by 25% over the past decade.
- High-tech industries like aerospace and medical devices account for a significant share of Mississippi's patented innovations.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Total Patents Originating in Mississippi' trend measures the total number of patents granted to inventors based in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Mississippi's innovation capacity and technological advancement, which is useful for assessing the state's economic competitiveness and informing development strategies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office, which tracks patent applications and grants by state of origin.
Q: How is this trend used in economic policy?
A: The number of patents originating in Mississippi is used to benchmark the state's performance against national and regional trends, informing economic development strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag, and may not capture all patents granted to Mississippi-based inventors.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Mississippi (PATENTUSMSTOTAL), retrieved from FRED.