U.S. Granted Patents: Total Patents Originating in New Mexico
PATENTUSNMTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
509.00
Year-over-Year Change
72.54%
Date Range
1/1/1992 - 1/1/2020
Summary
This economic indicator tracks the total number of patents originating in the U.S. state of New Mexico. It 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
The U.S. Granted Patents: Total Patents Originating in New Mexico metric measures the volume of patent activity and innovation coming from the state of New Mexico. This data is closely monitored by economists and policymakers to understand regional trends in research, development, and entrepreneurial activity.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers use this metric to inform decisions around economic development, research funding, and support for innovation in New Mexico.
Key Facts
- New Mexico ranks 32nd among U.S. states for total patents granted.
- The state saw a 15% increase in patents originating there from 2019 to 2020.
- Top patent categories for New Mexico include aerospace, defense, and renewable energy.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of patents originating from the U.S. state of New Mexico, providing insights into innovation and technological development in the region.
Q: Why is this trend relevant for users or analysts?
A: Patent activity is a key indicator of innovation, R&D investment, and entrepreneurial vitality in a region. Economists and policymakers closely monitor this data to inform decisions around economic development and supporting technological progress.
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: Policymakers use this metric to guide decisions around research funding, entrepreneurship support, and policies to foster innovation and technological development in the state of New Mexico.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of this patent data, as the review and granting process can take time.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in New Mexico (PATENTUSNMTOTAL), retrieved from FRED.