U.S. Granted Patents: Plant Patents Originating in California
PATENTUSCAPLANT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
208.00
Year-over-Year Change
15.56%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Plant Patents Originating in California' series tracks the number of plant patents granted to inventors located in California by the U.S. Patent and Trademark Office. This metric is a key indicator of innovative activity and competitiveness in California's agricultural and horticultural 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
Plant patents protect new and distinct plant varieties, promoting innovation in plant breeding. The California-originated plant patent data offers insights into the state's agricultural R&D investments and outputs. Policymakers and industry analysts use this metric to assess California's leadership 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) platform.
Historical Context
Trends in California plant patents are monitored by state policymakers, agricultural industry groups, and economic development agencies.
Key Facts
- California accounts for over 20% of U.S. plant patents.
- Plant patents have grown by 50% in California over the past decade.
- The leading sectors for California plant patents are fruits, vegetables, and ornamental plants.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Plant Patents Originating in California' series tracks the number of plant patents issued to inventors located in California by the U.S. Patent and Trademark Office.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into innovative activity and competitiveness in California's agricultural and horticultural sectors, which is valuable information for policymakers, industry groups, and economic development agencies.
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) platform.
Q: How is this trend used in economic policy?
A: Trends in California plant patents are monitored by state policymakers, agricultural industry groups, and economic development agencies to assess the state's leadership in plant-based innovation.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within a few months of the reference period.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in California (PATENTUSCAPLANT), retrieved from FRED.