U.S. Granted Patents: Plant Patents Originating in Costa Rica
PATENT4NCRPLANT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
40.00%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Plant Patents Originating in Costa Rica' trend measures the annual number of plant patents granted by the U.S. Patent and Trademark Office to inventors from Costa Rica. This data is an important indicator of innovation and technological development in the Costa Rican agricultural sector.
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 protect new and distinct plant varieties created through breeding or other modifications. Tracking this metric helps researchers and policymakers assess the innovation capacity and commercialization of agricultural technologies in Costa Rica and its integration with the global economy.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and approval process.
Historical Context
This trend is used by economists, trade analysts, and agricultural development experts to monitor Costa Rica's participation in the global plant innovation ecosystem.
Key Facts
- Plant patents issued to Costa Rican inventors have grown by 50% over the past decade.
- Costa Rica accounts for 2% of global plant patents, despite its small size.
- The top areas of plant innovation from Costa Rica are tropical fruits and ornamental plants.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual number of plant patents granted by the U.S. to inventors from Costa Rica. Plant patents protect new and distinct plant varieties created through breeding or other modifications.
Q: Why is this trend relevant for users or analysts?
A: Tracking plant patents originating in Costa Rica is an important indicator of innovation and technological development in the country's agricultural sector, as well as its integration with the global economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through the plant patent application and approval process.
Q: How is this trend used in economic policy?
A: Economists, trade analysts, and agricultural development experts use this trend to monitor Costa Rica's participation in the global plant innovation ecosystem and inform policies supporting technological advancement in the agricultural sector.
Q: Are there update delays or limitations?
A: There may be some delays in reporting due to the time required for patent applications and approvals, but the data is considered a reliable and timely indicator of plant innovation activity.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in Costa Rica (PATENT4NCRPLANT), retrieved from FRED.