U.S. Granted Patents: Design Patents Originating in Ohio
PATENTUSOHDESIGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
790.00
Year-over-Year Change
-13.19%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Design Patents Originating in Ohio' trend measures the number of design patents granted by the U.S. Patent and Trademark Office that originated from inventors based in the state of Ohio. This metric is an important indicator 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
Design patents protect the ornamental or aesthetic aspects of an invention, rather than its functional elements. Tracking design patents originating in Ohio provides insights into the innovative capacity and industrial design capabilities of the state's businesses and research institutions.
Methodology
The data is collected by the U.S. Patent and Trademark Office through its patent application and granting process.
Historical Context
Policymakers and economic development agencies use this trend to gauge Ohio's competitiveness in design-focused industries and to inform strategies for supporting innovation.
Key Facts
- Ohio ranks among the top 10 states for design patents granted.
- Design patents account for around 10% of all patents originating in Ohio.
- The number of design patents from Ohio has grown by 20% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of design patents granted by the U.S. Patent and Trademark Office that originated from inventors based in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: Tracking design patents originating in Ohio provides insights into the state's innovative capacity and industrial design capabilities, which are important for understanding its economic competitiveness.
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 process.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this trend to gauge Ohio's competitiveness in design-focused industries and to inform strategies for supporting innovation within the state.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture the most recent patent activity.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Design Patents Originating in Ohio (PATENTUSOHDESIGN), retrieved from FRED.