U.S. Granted Patents: Total Patents Originating in Texas
PATENTUSTXTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,192.00
Year-over-Year Change
113.32%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Texas' trend measures the number of patents granted to inventors and innovators located in the state of Texas. This metric is important for economists and policymakers to track regional innovation and technological competitiveness.
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 series tracks the total number of utility patents, design patents, and plant patents granted by the U.S. Patent and Trademark Office to Texas-based individuals and organizations. It serves as a key indicator of the state's research and development activity, entrepreneurship, and industrial productivity.
Methodology
The data is collected by the U.S. Patent and Trademark Office through its patent application and granting process.
Historical Context
Analysts and policymakers use this metric to evaluate Texas' innovation ecosystem and economic competitiveness relative to other U.S. states.
Key Facts
- Texas accounts for over 10% of all U.S. patents granted.
- Patent activity in Texas has grown by over 50% in the past decade.
- Leading patent-producing industries in Texas include technology, energy, and aerospace.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of utility, design, and plant patents granted by the U.S. Patent and Trademark Office to inventors and organizations located in the state of Texas.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of Texas' innovation capacity, technological competitiveness, and economic dynamism relative to other U.S. states.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office's patent application and granting records.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and regional development agencies use this metric to assess Texas' innovation ecosystem and competitiveness, informing economic policies and initiatives.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of complete annual patent data from the U.S. Patent and Trademark Office.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Texas (PATENTUSTXTOTAL), retrieved from FRED.