Business Formations Within Four Quarters: Total for All NAICS in Virginia
BFBF4QTOTALSAVA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
583.00
Year-over-Year Change
16.83%
Date Range
7/1/2004 - 12/1/2021
Summary
This economic trend measures the total number of new business formations within four quarters in the state of Virginia, across all industry sectors. It provides insights into entrepreneurial activity and economic dynamism.
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 total count of new business applications filed in Virginia over a rolling four-quarter period. It offers a timely gauge of entrepreneurial trends and the broader business climate within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This indicator is closely monitored by policymakers, economic development agencies, and market analysts to assess the health and trajectory of Virginia's economy.
Key Facts
- Virginia ranks among the top 10 states for new business formations.
- Business applications rose steadily in Virginia prior to the COVID-19 pandemic.
- The state's diverse economy supports a wide range of new company formations.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of new business applications filed in the state of Virginia over a rolling four-quarter period, across all industry sectors.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into entrepreneurial activity and the broader business climate within Virginia, which is valuable information for policymakers, economic development agencies, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers and economic development agencies to assess the health and trajectory of Virginia's economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a slight delay to allow for complete reporting.
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Citation
U.S. Federal Reserve, Business Formations Within Four Quarters: Total for All NAICS in Virginia (BFBF4QTOTALSAVA), retrieved from FRED.