U.S. Granted Patents: Plant Patents Originating in the United States
PATENTUSALLPLANT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
597.00
Year-over-Year Change
37.88%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Plant Patents Originating in the United States' trend measures the number of plant patents granted by the U.S. Patent and Trademark Office to inventors located in the United States. This metric is an important indicator of innovative activity in agricultural and botanical research.
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 are a specialized type of intellectual property right granted to new plant varieties that are asexually reproduced. Tracking this data provides insights into the pace of innovation in the U.S. agricultural and biotechnology sectors.
Methodology
The data is collected directly from U.S. Patent and Trademark Office records.
Historical Context
Policymakers and industry analysts use this metric to gauge trends in domestic agricultural innovation.
Key Facts
- Plant patents account for around 1-2% of all U.S. utility patents annually.
- The number of plant patents granted has remained relatively stable over the past decade.
- California is the top state for plant patent origination in the U.S.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of plant patents granted by the U.S. Patent and Trademark Office to inventors located within the United States.
Q: Why is this trend relevant for users or analysts?
A: Monitoring plant patent activity provides insights into innovation and research in the agricultural and botanical industries.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. Patent and Trademark Office records.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to gauge trends in domestic agricultural innovation.
Q: Are there update delays or limitations?
A: The data is published with a short lag relative to the reference period.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in the United States (PATENTUSALLPLANT), retrieved from FRED.