Business Applications from Corporations: Total for All NAICS in Arkansas
BACBATOTALNSAAR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
409.00
Year-over-Year Change
196.38%
Date Range
7/1/2004 - 6/1/2025
Summary
This economic trend measures new business applications from corporations in Arkansas across all industries. It provides insights into entrepreneurial activity and business formation 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
The Business Applications from Corporations: Total for All NAICS in Arkansas series tracks the number of new business applications filed by corporations in Arkansas. This data point is used by economists and policymakers to monitor entrepreneurial dynamism and understand business creation trends within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This metric is relevant for analyzing the broader business and economic climate in Arkansas.
Key Facts
- Arkansas ranked 26th among U.S. states for new business applications in 2021.
- Business applications in Arkansas grew by 24% from 2020 to 2021.
- The COVID-19 pandemic led to a surge in new business formations nationwide.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new business applications filed by corporations in Arkansas across all industries and sectors.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into entrepreneurial activity and business formation within Arkansas, which is a key indicator of economic dynamism and growth potential.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to gauge the business climate and entrepreneurial ecosystem within Arkansas, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Census Bureau, but may be subject to revisions or delays in reporting.
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Citation
U.S. Federal Reserve, Business Applications from Corporations: Total for All NAICS in Arkansas (BACBATOTALNSAAR), retrieved from FRED.