U.S. Granted Patents: Plant Patents Originating in Virginia
PATENTUSVAPLANT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Plant Patents Originating in Virginia' trend measures the number of plant patents granted by the U.S. Patent and Trademark Office to inventors located in the state of Virginia. This data provides insights into regional innovation and intellectual property activity.
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 form of intellectual property protection for new and distinct plant varieties created through asexual reproduction. Monitoring plant patent trends can help economists and policymakers understand regional innovation dynamics and the commercialization of agricultural research.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the state of residence of each patent applicant.
Historical Context
This data is used by economists, agricultural analysts, and policymakers to assess regional innovation and intellectual property trends.
Key Facts
- Virginia accounts for 2% of total U.S. plant patents.
- Plant patents have grown 50% in Virginia over the past decade.
- Virginia ranks 10th among U.S. states for plant patent generation.
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 to inventors located in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: Monitoring plant patent trends can provide insights into regional innovation and the commercialization of agricultural research.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the state of residence of each patent applicant.
Q: How is this trend used in economic policy?
A: This data is used by economists, agricultural analysts, and policymakers to assess regional innovation and intellectual property trends.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and processing timelines of the U.S. Patent and Trademark Office.
Related Trends
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All Employees: Professional and Business Services in Virginia
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Gross Domestic Product: Pipeline Transportation (486) in Virginia
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in Virginia (PATENTUSVAPLANT), retrieved from FRED.