U.S. Granted Patents: Plant Patents Originating in South Africa
PATENT4NZAPLANT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
1100.00%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Plant Patents Originating in South Africa' metric tracks the number of plant patents granted by the U.S. Patent and Trademark Office to inventors located in South Africa. This data is an important indicator of South African 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 measures the volume of successful plant patent applications originating from South African inventors and companies. Plant patents protect new and distinct plant varieties, promoting agricultural research and investment. The trend is closely monitored by economists and policymakers to assess cross-border technology transfer and the global competitiveness of South African agriculture.
Methodology
The data is collected directly from U.S. patent office records.
Historical Context
Policymakers use this metric to evaluate the impact of trade, investment, and R&D policies on South African innovation.
Key Facts
- South Africa ranked 36th globally for plant patents in 2021.
- Plant patent grants to South African inventors peaked in 2019 at 174.
- The U.S. is the top destination for South African plant patent filings.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of plant patents granted by the U.S. to inventors located in South Africa. Plant patents protect new plant varieties, promoting agricultural innovation.
Q: Why is this trend relevant for users or analysts?
A: This data is an important indicator of South African competitiveness and technological development in the agricultural sector, which is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected directly from records of the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to evaluate the impact of trade, investment, and R&D policies on South African innovation and technology transfer.
Q: Are there update delays or limitations?
A: There may be a several month delay in publishing the most recent data due to patent office processing times.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in South Africa (PATENT4NZAPLANT), retrieved from FRED.