Business Formations Within Four Quarters: Total for All NAICS in North Carolina
BFBF4QTOTALNSANC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
852.00
Year-over-Year Change
18.83%
Date Range
7/1/2004 - 12/1/2021
Summary
The 'Business Formations Within Four Quarters: Total for All NAICS in North Carolina' series tracks new business formations in North Carolina over a four-quarter period. This key economic indicator provides insights into entrepreneurship and business dynamics 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 number of new business formations in North Carolina within a four-quarter timeframe, covering all industries and sectors as defined by the North American Industry Classification System (NAICS). It serves as an important barometer of economic vitality and entrepreneurial activity in the state.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on administrative records.
Historical Context
This trend is widely used by policymakers, economists, and market analysts to assess the business climate and economic development in North Carolina.
Key Facts
- New business formations in North Carolina totaled over 100,000 in 2021.
- The state has seen a steady increase in new business formations since the Great Recession.
- Entrepreneurial activity is a key driver of economic growth and job creation in North Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business formations in the state of North Carolina over a four-quarter period, covering all industries and sectors.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into entrepreneurial activity and the business climate in North Carolina, which are key drivers of economic growth and development in the state.
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.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this trend to assess the overall business environment and inform economic development strategies in North Carolina.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Business Formations Within Four Quarters: Total for All NAICS in North Carolina (BFBF4QTOTALNSANC), retrieved from FRED.