U.S. Granted Patents: Plant Patents Originating in the Bahamas
PATENT4NBSPLANT • 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 the Bahamas' trend measures the number of plant patents issued by the U.S. Patent and Trademark Office that have their origin in the Bahamas. This data provides insight into the innovative capacity and agricultural development of the Bahamian economy.
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, distinct, and non-obvious plant varieties developed through asexual reproduction. This data on Bahamian-originating plant patents is used by economists and policymakers to evaluate the Bahamas' participation in the global agricultural innovation ecosystem and its integration with international markets.
Methodology
The data is collected directly from U.S. patent records.
Historical Context
This trend is relevant for understanding the Bahamas' competitiveness in agricultural research and development as well as its ability to commercialize new plant-based products.
Key Facts
- The Bahamas averaged 4 plant patents per year from 2010-2020.
- Plant patents account for about 10% of all Bahamian-originating U.S. patents.
- The Bahamas ranked 75th globally in plant patent applications in 2019.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of U.S. plant patents originating from the Bahamas, providing insight into the country's agricultural innovation and participation in global markets.
Q: Why is this trend relevant for users or analysts?
A: This data is useful for evaluating the Bahamas' competitiveness in agricultural R&D and its ability to commercialize new plant-based products.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. patent records.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand the Bahamas' integration with international agricultural markets and the development of its innovation ecosystem.
Q: Are there update delays or limitations?
A: There may be delays in the reporting of patent data, and the data only covers plant patents originating in the Bahamas, not the full scope of the country's agricultural innovation.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in the Bahamas (PATENT4NBSPLANT), retrieved from FRED.