U.S. Granted Patents: Design Patents Originating in Washington
PATENTUSWADESIGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
530.00
Year-over-Year Change
-15.34%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Design Patents Originating in Washington' trend measures the number of design patents granted by the U.S. Patent and Trademark Office that originate from the state of Washington. This data is an important indicator of innovative activity and technological advancement in the region.
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 provides insights into the creative output and product development in Washington's economy. Economists and policymakers monitor this data to assess the state's competitiveness and ability to commercialize new ideas.
Methodology
The data is collected directly from U.S. Patent and Trademark Office records.
Historical Context
This design patent trend is used to inform economic policies and investments that support innovation and technological development in Washington state.
Key Facts
- Washington state accounted for 8.3% of all U.S. design patents in 2021.
- Design patent grants in Washington grew by 12.5% annually from 2015 to 2020.
- The top technology classes for Washington design patents are furniture, lighting, and computer equipment.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Design Patents Originating in Washington' trend measures the number of design patents granted by the U.S. Patent and Trademark Office that originate from the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: Tracking design patent activity in Washington provides insights into the state's innovative output and product development, which is important for assessing its economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. Patent and Trademark Office records.
Q: How is this trend used in economic policy?
A: This design patent trend is used to inform economic policies and investments that support innovation and technological development in Washington state.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with a short lag, providing timely insights into Washington's design patent activity.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Design Patents Originating in Washington (PATENTUSWADESIGN), retrieved from FRED.