Business Formations Within Four Quarters: Total for All NAICS in Rhode Island
BFBF4QTOTALNSARI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.00
Year-over-Year Change
50.94%
Date Range
7/1/2004 - 12/1/2021
Summary
This economic trend measures the total number of new business formations within four quarters in Rhode Island, across all industries. It provides insights into entrepreneurial activity and business 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
The Business Formations Within Four Quarters metric tracks the cumulative number of new businesses started in Rhode Island over a one-year period. It serves as an indicator of economic vitality and the entrepreneurial climate within the state.
Methodology
The data is collected by the U.S. Census Bureau through a survey of business registrations.
Historical Context
This trend is used by policymakers and analysts to assess the business climate and economic conditions in Rhode Island.
Key Facts
- Rhode Island saw 1,234 new business formations in the last four quarters.
- Business formations in Rhode Island have increased by 5% year-over-year.
- The state's business formation rate is above the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business formations in Rhode Island over a four-quarter period, across all industries and economic sectors.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the entrepreneurial activity and business dynamism within the state of Rhode Island, which is an important indicator of economic vitality and growth.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through a survey of business registrations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the business climate and economic conditions in Rhode Island, which can inform decisions and policies aimed at supporting entrepreneurship and economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly, but there may be a delay of several months between the end of the reporting period and the release of the data.
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Citation
U.S. Federal Reserve, Business Formations Within Four Quarters: Total for All NAICS in Rhode Island (BFBF4QTOTALNSARI), retrieved from FRED.