U.S. Granted Patents: Plant Patents Originating in an Unspecified U.S. Region
PATENTUSNONPLANT • 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
The 'U.S. Granted Patents: Plant Patents Originating in an Unspecified U.S. Region' trend measures the number of plant patents issued by the U.S. Patent and Trademark Office without a specified geographic origin within the United States.
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 economic indicator provides insight into innovation and intellectual property generation across various industries and sectors in the U.S. economy. It is used by policymakers, economists, and industry analysts to assess domestic research and development activities.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office based on their administrative records of patent applications and grants.
Historical Context
The trend is closely monitored by government agencies, industry groups, and academic researchers to evaluate the health and competitiveness of the U.S. innovation ecosystem.
Key Facts
- The U.S. issued over 330,000 patents in 2021.
- Plant patents account for approximately 2% of total U.S. patents.
- The number of plant patents has increased by 25% over the past decade.
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 without a specified geographic origin within the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into domestic innovation and intellectual property generation, which are key indicators of economic competitiveness and technological progress.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office based on their administrative records of patent applications and grants.
Q: How is this trend used in economic policy?
A: Policymakers, government agencies, and industry groups monitor this trend to evaluate the health and competitiveness of the U.S. innovation ecosystem and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, but there may be a lag of several months between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in an Unspecified U.S. Region (PATENTUSNONPLANT), retrieved from FRED.