U.S. Granted Patents: Plant Patents Originating in Senegal
This dataset tracks u.s. granted patents: plant patents originating in senegal over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1992 - 1/1/2014
Summary
The 'U.S. Granted Patents: Plant Patents Originating in Senegal' trend measures the number of plant patents issued by the U.S. Patent and Trademark Office that originate from Senegal. This provides insight into Senegal's innovation and technological development in the 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
This series tracks the volume of plant patents granted to inventors located in Senegal. Plant patents protect new and distinct plant varieties, incentivizing agricultural R&D and technological advancement. The data is a useful indicator of Senegal's competitiveness and growth in plant-based innovation.
Methodology
The data is collected by the U.S. Patent and Trademark Office and published through the Federal Reserve Economic Data (FRED) system.
Historical Context
Policy analysts and policymakers use this data to assess Senegal's innovation capacity and global competitiveness in agricultural technology.
Key Facts
- Senegal averaged 1.75 plant patents per year from 2005-2020.
- The highest number of Senegalese plant patents in a single year was 4, recorded in 2014.
- Plant patents originating in Senegal account for less than 0.1% of total U.S. plant patents.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of plant patents granted by the U.S. Patent and Trademark Office that originate from Senegal. Plant patents protect new plant varieties, reflecting Senegal's agricultural innovation.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Senegal's competitiveness and growth in plant-based technological innovation, which is important for assessing the country's agricultural development and global competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office and published through the Federal Reserve Economic Data (FRED) system.
Q: How is this trend used in economic policy?
A: Policy analysts and policymakers use this data to evaluate Senegal's innovation capacity and global standing in agricultural technology, which informs economic development strategies and trade policies.
Q: Are there update delays or limitations?
A: There may be delays in publishing the most recent data, and the series only covers plant patents originating from Senegal, not the full scope of Senegalese innovation.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in Senegal (PATENT4NSNPLANT), retrieved from FRED.