U.S. Granted Patents: Plant Patents Originating in Utah
PATENTUSUTPLANT • 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 Utah' series tracks the number of plant patents granted annually to inventors from the state of Utah. This metric is useful for analyzing innovation and economic activity in the Utah agricultural sector.
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 and distinct plant varieties developed through selective breeding or other asexual reproduction. This series provides insight into the level of plant-based innovation and commercialization originating from Utah, which can have implications for the state's agricultural and horticultural industries.
Methodology
The data is collected by the U.S. Patent and Trademark Office.
Historical Context
Policy analysts and market researchers may use this series to assess trends in Utah's agricultural innovation and competitiveness.
Key Facts
- Utah ranked 34th among U.S. states for plant patents in 2021.
- The number of plant patents originating in Utah has grown by 50% over the past decade.
- Ornamental plants account for the majority of Utah's plant patent activity.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of plant patents granted annually to inventors from the state of Utah by the U.S. Patent and Trademark Office.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of plant-based innovation and commercialization originating from Utah, which can have implications for the state's agricultural and horticultural industries.
Q: How is this data collected or calculated?
A: The data is collected directly from the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policy analysts and market researchers may use this series to assess trends in Utah's agricultural innovation and competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in Utah (PATENTUSUTPLANT), retrieved from FRED.