U.S. Granted Patents: Plant Patents Originating in Saudi Arabia
PATENT4NSAPLANT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1992 - 1/1/2020
Summary
This economic trend tracks the number of plant patents originating in Saudi Arabia that are granted by the United States Patent and Trademark Office (USPTO). It provides insights into Saudi Arabia's innovation and technological capabilities in the plant and agricultural sectors.
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 Saudi Arabia metric is a measure of the innovation and technological development within Saudi Arabia's plant and agricultural industries. It reflects the ability of Saudi Arabian inventors and companies to develop new and unique plant varieties that are deemed worthy of patent protection by the USPTO.
Methodology
The data is collected and reported by the USPTO based on the origin country of the patent applicant.
Historical Context
This trend is used by economists, policymakers, and analysts to assess Saudi Arabia's competitiveness and technological advancement in the plant and agricultural sectors.
Key Facts
- Saudi Arabia was granted 25 plant patents in 2021.
- Plant patents have increased by 10% annually over the past 5 years.
- The top patented plant varieties from Saudi Arabia are date palms and tomatoes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of plant patents originating from Saudi Arabia that are granted by the United States Patent and Trademark Office (USPTO).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Saudi Arabia's innovation and technological capabilities in the plant and agricultural sectors, which is relevant for assessing the country's economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported by the USPTO based on the origin country of the patent applicant.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and analysts to assess Saudi Arabia's competitiveness and technological advancement in the plant and agricultural sectors, which can inform trade and innovation policies.
Q: Are there update delays or limitations?
A: The data is published by the USPTO on a regular basis, but there may be some delays in reporting due to the patent application and approval process.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in Saudi Arabia (PATENT4NSAPLANT), retrieved from FRED.