Business Applications: Total for All NAICS in Delaware
BABATOTALSADE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,940.00
Year-over-Year Change
7.44%
Date Range
7/1/2004 - 6/1/2025
Summary
This economic trend tracks the total number of new business applications filed in the state of Delaware. It serves as an indicator of entrepreneurial activity and future economic growth.
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 Business Applications: Total for All NAICS in Delaware measure provides insight into the rate of new business formation in the state. Economists and policymakers use this data to assess the health and dynamism of the state's economy.
Methodology
The data is collected by the U.S. Census Bureau through its Business Formation Statistics program.
Historical Context
This trend is used to inform economic and small business policy decisions at the state level.
Key Facts
- Delaware had 2,207 new business applications in January 2023.
- Business applications in Delaware peaked at 2,700 in November 2020.
- The state's business application trend has remained relatively stable since the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Business Applications: Total for All NAICS in Delaware metric tracks the number of new business applications filed in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the level of entrepreneurial activity and economic dynamism in Delaware, which is useful for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through its Business Formation Statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to inform decisions related to small business and entrepreneurship policy at the state level.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a slight delay, and may not capture all new business applications in real-time.
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Citation
U.S. Federal Reserve, Business Applications: Total for All NAICS in Delaware (BABATOTALSADE), retrieved from FRED.