U.S. Granted Patents: Plant Patents Originating in Israel
PATENT4NILPLANT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.00
Year-over-Year Change
36.84%
Date Range
1/1/1992 - 1/1/2020
Summary
This economic trend tracks the number of plant patents originating in Israel that are granted by the United States. It provides insights into the level of innovation and intellectual property activity between the two countries.
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
The U.S. Granted Patents: Plant Patents Originating in Israel series measures the annual number of plant patents issued by the United States Patent and Trademark Office to inventors based in Israel. Plant patents protect new and distinct varieties of plants, providing an incentive for agricultural research and development.
Methodology
The data is collected by the U.S. Patent and Trademark Office and published through the Federal Reserve Economic Data (FRED) system.
Historical Context
This metric is used by economists and policymakers to assess trends in international innovation and technology transfer.
Key Facts
- The U.S. granted 36 plant patents to Israeli inventors in 2021.
- Plant patents account for approximately 2% of total U.S. patent grants.
- Israel is the 7th largest source country for U.S. plant patents.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of plant patents granted by the United States to inventors based in Israel. Plant patents protect new and distinct plant varieties.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of agricultural innovation and technology transfer between the U.S. and Israel, which is relevant for economists and policymakers.
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) system.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess trends in international innovation and technology exchange, which can inform trade, investment, and R&D policies.
Q: Are there update delays or limitations?
A: The data is published annually with a short lag, and may not capture all plant patents issued in a given year due to processing times.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in Israel (PATENT4NILPLANT), retrieved from FRED.