The distribution of patents across U.S. states : Tracking innovation for Californians, Massachusettsans, Idahoans, Mainers, etc. etc.

View on GeoFRED®
FRED Blog posts have discussed patent royalties, R&D, and the balance of payments and the changing geography of U.S. innovation. Today, we tap into a recently added data set from the U.S. Patent and Trademark Office to discuss the distribution of patented new ideas across U.S. states.
The GeoFRED map above shows the number of patents registered in each state during 2019, which is the latest available data point as of this writing. The total number of new patents for the whole country was 186,022, and the map illustrates their uneven geographical distribution. While California recorded 50,667 patents, Maine recorded 249. That might be expected simply because the population isn’t evenly distributed across the country: For each Mainer, there are 29 Californians. But it’s not all about population.

The second graph shows the number of patents divided by the number of persons (in thousands) residing in each state in 2019. At

Federal Reserve Source

Author: RealEstate