U.S. Granted Patents: Plant Patents Originating in New Jersey
PATENTUSNJPLANT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-63.64%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Plant Patents Originating in New Jersey' series tracks the number of plant patents granted to inventors located in New Jersey by the U.S. Patent and Trademark Office. This measure provides insight into innovation and technological development in the agriculture and horticulture sectors within the state.
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 specific type of patent granted for new, distinct, and non-obvious plant varieties. The PATENTUSNJPLANT series captures the annual count of these patents originating from New Jersey, offering economists and policymakers a gauge of innovation and R&D activity in the state's plant-based industries.
Methodology
The data is collected and published by the U.S. Patent and Trademark Office.
Historical Context
Trends in plant patenting are relevant for understanding agricultural productivity, horticultural industry dynamics, and the regional distribution of plant-based innovation.
Key Facts
- New Jersey is a major center for plant-based innovation in the U.S.
- Plant patents account for a small but growing share of total U.S. patent grants.
- The PATENTUSNJPLANT series dates back to 1963.
FAQs
Q: What does this economic trend measure?
A: The PATENTUSNJPLANT series measures the annual number of plant patents granted by the U.S. Patent and Trademark Office to inventors located in the state of New Jersey.
Q: Why is this trend relevant for users or analysts?
A: Trends in plant patenting provide insights into innovation, R&D, and technological development in agriculture and horticulture, which are important sectors for New Jersey's economy.
Q: How is this data collected or calculated?
A: The data is collected and published directly by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the regional distribution of plant-based innovation and its implications for the agricultural and horticultural industries.
Q: Are there update delays or limitations?
A: The PATENTUSNJPLANT data is published annually with a short delay, typically around 6-12 months after the end of each calendar year.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in New Jersey (PATENTUSNJPLANT), retrieved from FRED.