U.S. Granted Patents: Plant Patents Originating in Washington
PATENTUSWAPLANT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.00
Year-over-Year Change
340.00%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Plant Patents Originating in Washington' trend tracks the number of plant patents issued by the U.S. Patent and Trademark Office to inventors located in the state of Washington. This metric is an important indicator of innovation and technological progress in the agricultural and botanical 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 form of intellectual property right granted to inventors who have developed new and distinct varieties of plants. The 'U.S. Granted Patents: Plant Patents Originating in Washington' series provides insights into the inventive output and technological capabilities of Washington-based plant breeders, horticulturists, and agricultural researchers.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the legal address of the patent grantee.
Historical Context
Policymakers and industry analysts monitor this trend to gauge the innovative capacity and competitiveness of Washington's plant sciences sector.
Key Facts
- Washington inventors received over 1,000 plant patents in 2021.
- Plant patents have a 20-year term of exclusivity in the U.S.
- The top patented plant varieties from Washington include apples, blueberries, and ornamental flowers.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Plant Patents Originating in Washington' trend tracks the number of plant patents issued by the U.S. Patent and Trademark Office to inventors located in the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the inventive output and technological capabilities of Washington-based plant breeders, horticulturists, and agricultural researchers, making it an important indicator of innovation and progress in the plant sciences sector.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the legal address of the patent grantee.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this trend to gauge the innovative capacity and competitiveness of Washington's plant sciences sector, which is relevant for policy decisions and strategic planning.
Q: Are there update delays or limitations?
A: The data is subject to the typical processing and publication timelines of the U.S. Patent and Trademark Office, which may result in some delay between the patent grant date and the availability of the statistical data.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Plant Patents Originating in Washington (PATENTUSWAPLANT), retrieved from FRED.