U.S. Granted Patents: Total Patents Originating in Washington
PATENTUSWATOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,112.00
Year-over-Year Change
119.14%
Date Range
1/1/1992 - 1/1/2020
Summary
The U.S. Granted Patents: Total Patents Originating in Washington trend measures the total number of utility patents granted to inventors located in Washington state. This metric is a key indicator of technological innovation and economic activity 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
The U.S. Granted Patents: Total Patents Originating in Washington trend provides insights into the innovation and technological capabilities of Washington's economy. The data tracks the total number of utility patents granted to inventors with a legal residence in Washington, reflecting the state's ability to foster new inventions and ideas.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Policymakers and economists use this trend to assess the competitiveness and growth potential of Washington's technology and innovation sectors.
Key Facts
- Washington state accounts for over 5% of all U.S. utility patents.
- Patent activity in Washington has grown by 20% over the past decade.
- Leading industries for Washington patents include software, aerospace, and biotechnology.
FAQs
Q: What does this economic trend measure?
A: The U.S. Granted Patents: Total Patents Originating in Washington trend measures the total number of utility patents granted to inventors located in the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This trend provides key insights into the innovation and technological capabilities of Washington's economy, which is important for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the competitiveness and growth potential of Washington's technology and innovation sectors, which informs economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture the most recent patent activity in Washington.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Total Patents Originating in Washington (PATENTUSWATOTAL), retrieved from FRED.