Business Formations Within Four Quarters: Total for All NAICS in Maryland
BFBF4QTOTALNSAMD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
341.00
Year-over-Year Change
17.99%
Date Range
7/1/2004 - 12/1/2021
Summary
The 'Business Formations Within Four Quarters: Total for All NAICS in Maryland' series tracks the total number of new business formations in Maryland within a four-quarter period. This metric is a key indicator of entrepreneurial activity and economic dynamism in 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
This data series measures the total count of new business formations in Maryland across all sectors of the North American Industry Classification System (NAICS). It provides insights into the state's entrepreneurial ecosystem and the overall health of its economy.
Methodology
The data is collected and published by the U.S. Census Bureau through their Business Formation Statistics program.
Historical Context
Economists and policymakers monitor this trend to gauge the level of business creation and investment in Maryland's economy.
Key Facts
- Maryland ranks among the top 10 states for new business formations.
- The state has seen a steady increase in business formations since the Great Recession.
- Sectors like technology, healthcare, and professional services drive much of the new business activity in Maryland.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of new business formations in Maryland within a four-quarter period, providing insights into the state's entrepreneurial activity and economic dynamism.
Q: Why is this trend relevant for users or analysts?
A: The business formations metric is a key indicator of entrepreneurial and investment activity, which are important drivers of economic growth and job creation.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau through their Business Formation Statistics program.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the health of Maryland's entrepreneurial ecosystem and to inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 6-9 month lag, and may not capture the most recent economic conditions.
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Citation
U.S. Census Bureau, Business Formations Within Four Quarters: Total for All NAICS in Maryland (BFBF4QTOTALNSAMD), retrieved from FRED.