Business Applications from Corporations: Total for All NAICS in Alabama
BACBATOTALSAAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
945.00
Year-over-Year Change
278.00%
Date Range
7/1/2004 - 7/1/2025
Summary
This economic trend measures the total number of business applications from corporations in Alabama across all industries. It provides insights into entrepreneurial activity and economic dynamism 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 Alabama series tracks the number of new business applications filed by corporations in Alabama. It is an important indicator of entrepreneurial vitality and business formation at the state level.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on administrative records of business applications.
Historical Context
This trend is used by economists and policymakers to monitor the health of Alabama's business environment and entrepreneurial ecosystem.
Key Facts
- Alabama saw 2,359 new business applications in January 2023.
- Corporate business applications in Alabama have increased by 25% since 2020.
- The state's business application rate is above the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business applications filed by corporations in Alabama across all industries and sectors.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the entrepreneurial activity and business formation dynamics within the Alabama economy, which is useful for understanding economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on administrative records of business applications.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor the health of Alabama's business environment and entrepreneurial ecosystem, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published monthly, with a slight delay in availability. There may be revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Business Applications from Corporations: Total for All NAICS in Alabama (BACBATOTALSAAL), retrieved from FRED.