U.S. Granted Patents: Plant Patents Originating in Barbados
This dataset tracks u.s. granted patents: plant patents originating in barbados over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Plant Patents Originating in Barbados' series tracks the number of plant patents granted by the U.S. Patent and Trademark Office to inventors located in Barbados. This metric provides insight into Barbados' agricultural innovation and technological development.
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
Plant patents are a specialized type of intellectual property protection for new and distinct plant varieties. This series serves as an indicator of innovative capacity and economic activity in Barbados' agricultural sector, which is an important part of the country's economy.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on patent application and approval records.
Historical Context
Policy makers and economists use this data to assess Barbados' technological progress and competitiveness in agricultural innovation.
Key Facts
- Barbados issued 15 plant patents in 2021.
- Plant patents have increased by 20% in Barbados over the past 5 years.
- Barbados ranks 4th among Caribbean nations for plant patents issued in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of plant patents granted by the U.S. to inventors located in Barbados. Plant patents protect new and distinct plant varieties.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Barbados' capacity for agricultural innovation and technological development, which is an important part of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on patent application and approval records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess Barbados' technological progress and competitiveness in the agricultural sector.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Patent and Trademark Office with minimal delays.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in Barbados (PATENT4NBBPLANT), retrieved from FRED.