U.S. Granted Patents: Design Patents Originating in Utah
PATENTUSUTDESIGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
336.00
Year-over-Year Change
295.29%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Design Patents Originating in Utah' trend tracks the number of design patents granted by the U.S. Patent and Trademark Office that originated from inventors or companies based in Utah. This metric is an important indicator of innovation and technological progress within the state's 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
Design patents protect new, original, and ornamental designs for manufactured products. Tracking design patent activity in Utah provides insights into the state's creative industries, product development, and ability to commercialize new ideas. This data is closely watched by policymakers, economic development agencies, and industry analysts.
Methodology
The data is collected directly from U.S. patent office records.
Historical Context
Design patent trends are used to assess regional competitiveness and innovation capacity.
Key Facts
- Utah inventors received over 2,500 design patents in 2021.
- Design patents account for 25% of all patents originating from Utah.
- Utah ranks 10th among U.S. states for design patents per capita.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of design patents granted by the U.S. government that originated from inventors or companies based in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: Design patent activity is an important indicator of innovation, product development, and commercialization within Utah's economy.
Q: How is this data collected or calculated?
A: The data is collected directly from records of the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers, economic development agencies, and industry analysts use this data to assess Utah's regional competitiveness and innovation capacity.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 months behind the current period.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Design Patents Originating in Utah (PATENTUSUTDESIGN), retrieved from FRED.