U.S. Granted Patents: Utility Patents Originating in Texas
PATENTUSTXUTILITY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,201.00
Year-over-Year Change
113.60%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Utility Patents Originating in Texas' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office to inventors based in the state of Texas. This metric provides insight into the innovation and technological development occurring within the Texas economy.
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
Utility patents represent a significant category of intellectual property rights granted for new and useful inventions. Tracking the volume of utility patents originating in Texas helps economists and policymakers understand the state's innovative capacity and technological competitiveness relative to other U.S. regions.
Methodology
The data is collected by the U.S. Patent and Trademark Office and represents the total number of utility patents granted annually to Texas-based inventors.
Historical Context
This trend is relevant for analyzing the technological and innovative capabilities of the Texas economy and informing economic development strategies.
Key Facts
- Texas is a leading state for utility patent generation in the U.S.
- The volume of Texas utility patents has grown steadily over the past decade.
- High-tech industries like computer technology and biotechnology account for a significant share of Texas utility patents.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of utility patents granted by the U.S. Patent and Trademark Office to inventors based in the state of Texas.
Q: Why is this trend relevant for users or analysts?
A: Tracking Texas utility patents provides insight into the state's innovation and technological capabilities, which is important for economic development strategies and understanding regional competitiveness.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office and represents the total number of utility patents granted annually to Texas-based inventors.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the innovation and technological prowess of the Texas economy, which can inform decisions related to investment, workforce development, and economic development initiatives.
Q: Are there update delays or limitations?
A: There may be some delay in data availability from the U.S. Patent and Trademark Office, but the trend generally provides timely and comprehensive coverage of utility patents originating in Texas.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Utility Patents Originating in Texas (PATENTUSTXUTILITY), retrieved from FRED.