Business Formations Within Four Quarters: Total for All NAICS in North Carolina
BFBF4QTOTALSANC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
819.00
Year-over-Year Change
19.21%
Date Range
7/1/2004 - 12/1/2021
Summary
The 'Business Formations Within Four Quarters: Total for All NAICS in North Carolina' metric tracks the total number of new business formations in North Carolina within a four-quarter period. This data provides insight into 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 indicator measures the total number of new business formations across all industries (NAICS codes) in North Carolina over a rolling four-quarter period. It is used by economists and policymakers to assess trends in business creation and the underlying state of the regional economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau.
Historical Context
This metric is closely watched by analysts and policymakers to understand the health of North Carolina's entrepreneurial ecosystem and broader economic conditions.
Key Facts
- North Carolina ranked 10th nationally for new business formations in 2021.
- The state saw a 23% increase in business formations from 2020 to 2021.
- Technology, healthcare, and professional services are key drivers of new business growth in North Carolina.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of new business formations across all industry sectors (NAICS codes) within a rolling four-quarter period in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the entrepreneurial activity and economic dynamism within North Carolina, which is closely watched by economists, policymakers, and business analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to assess the health of North Carolina's entrepreneurial ecosystem and inform decisions around supporting business creation and growth.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two months, so there may be a delay in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Business Formations Within Four Quarters: Total for All NAICS in North Carolina (BFBF4QTOTALSANC), retrieved from FRED.