U.S. Granted Patents: Plant Patents Originating in Lithuania
PATENT4NLTPLANT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1995 - 1/1/2020
Summary
The 'U.S. Granted Patents: Plant Patents Originating in Lithuania' trend measures the annual number of plant patents granted by the U.S. Patent and Trademark Office to inventors residing in Lithuania. This metric provides insights into innovation and scientific research activities in Lithuania'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 are a specialized type of intellectual property right granted for new and distinct plant varieties. Tracking this trend allows economists and policymakers to analyze the development of plant-related innovation and technological progress in Lithuania relative to other countries.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office.
Historical Context
This metric is used to inform discussions around international competitiveness, research and development incentives, and the commercialization of agricultural innovations.
Key Facts
- Plant patents account for a small fraction of total U.S. patents granted.
- Lithuania ranks among the top 20 countries for plant patents originating within its borders.
- The number of Lithuanian plant patents has fluctuated in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual number of plant patents granted by the U.S. Patent and Trademark Office to inventors residing in Lithuania.
Q: Why is this trend relevant for users or analysts?
A: Tracking plant patents originating in Lithuania provides insights into the country's agricultural innovation and technological progress, which is relevant for understanding its economic competitiveness and development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: This metric informs discussions around international competitiveness, research and development incentives, and the commercialization of agricultural innovations.
Q: Are there update delays or limitations?
A: The data may have a delay of several months before being published due to the time required for patent applications to be processed and granted.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in Lithuania (PATENT4NLTPLANT), retrieved from FRED.