U.S. Granted Patents: Total Patents Originating in Vermont
PATENTUSVTTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
359.00
Year-over-Year Change
-30.16%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Total Patents Originating in Vermont' metric tracks the total number of patents granted to inventors and companies based in the state of Vermont. This provides insight into the innovation and technological activity 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
This series measures the total number of utility patents, design patents, and plant patents granted by the U.S. Patent and Trademark Office that were filed by inventors or assignees located in the state of Vermont. It serves as an indicator of the inventive capacity and commercialization of new technologies within the Vermont economy.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office based on the reported location of the first-named inventor or assignee on granted patent documents.
Historical Context
Economists and policymakers use this metric to assess Vermont's competitiveness in high-tech industries and the state's ability to commercialize new innovations.
Key Facts
- Vermont ranks 49th among U.S. states for total patents granted.
- The number of Vermont patents has increased by 24% over the past decade.
- Computer technology accounts for the largest share of Vermont's patented inventions.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of utility, design, and plant patents granted by the U.S. Patent and Trademark Office that originated from inventors or companies based in Vermont.
Q: Why is this trend relevant for users or analysts?
A: The number of patents granted in a state provides insight into the innovation and technological capacity of its economy, which is important for assessing economic competitiveness and development.
Q: How is this data collected or calculated?
A: The data is collected directly from patent records maintained by the U.S. Patent and Trademark Office, based on the reported location of the first-named inventor or assignee.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to evaluate Vermont's performance in fostering innovation and high-tech industries, which can inform economic development strategies and initiatives.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of complete patent data, as the process of application, examination, and granting can take time.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Vermont (PATENTUSVTTOTAL), retrieved from FRED.