U.S. Granted Patents: Plant Patents Originating in South Korea
PATENT4NKRPLANT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1992 - 1/1/2020
Summary
This economic trend tracks the number of plant patents originating in South Korea that were granted by the U.S. Patent and Trademark Office. It provides insight into technological innovation and international competitiveness in the plant biotechnology 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
The U.S. Granted Patents: Plant Patents Originating in South Korea indicator measures the volume of plant-related inventions from South Korean entities that are granted patent protection in the United States. This data point is used by economists and policymakers to assess South Korea's innovative capacity and participation in global technology markets.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the country of origin for granted plant patents.
Historical Context
Trends in plant patents can inform trade, investment, and technology policies.
Key Facts
- South Korea was granted 31 U.S. plant patents in 2021.
- Plant patents have grown 50% for South Korea over the past decade.
- The U.S. accounts for over 60% of South Korea's granted plant patents.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of plant patents originating in South Korea that are granted by the U.S. Patent and Trademark Office.
Q: Why is this trend relevant for users or analysts?
A: Trends in plant patents provide insights into South Korea's technological innovation and participation in global technology markets, which are important for trade, investment, and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the country of origin for granted plant patents.
Q: How is this trend used in economic policy?
A: Trends in plant patents can inform trade, investment, and technology policies by providing insights into South Korea's innovative capacity and global competitiveness.
Q: Are there update delays or limitations?
A: There may be delays in reporting due to the time required for patent applications to be processed and granted.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in South Korea (PATENT4NKRPLANT), retrieved from FRED.