Business Formations Within Eight Quarters: Total for All NAICS in District of Columbia
BFBF8QTOTALSADC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.00
Year-over-Year Change
-7.25%
Date Range
7/1/2004 - 10/1/2020
Summary
The 'Business Formations Within Eight Quarters: Total for All NAICS in District of Columbia' tracks new business formations in Washington, D.C. over an eight-quarter period. This metric is a key indicator of 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
This trend measures the total number of new business formations within an eight-quarter (two-year) window for all North American Industry Classification System (NAICS) industries in the District of Columbia. It serves as an important barometer of business creation and market entry, which are vital for job growth, innovation, and economic competitiveness.
Methodology
The data is collected and calculated by the U.S. Census Bureau's Business Formation Statistics program.
Historical Context
Policymakers and analysts use this metric to gauge the health and vitality of the D.C. economy.
Key Facts
- New business formations in D.C. peaked in Q4 2020.
- The District's 8-quarter business formation trend declined during the COVID-19 pandemic.
- Rapid business formation is a sign of a dynamic, growth-oriented economy.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of new business formations in the District of Columbia over an eight-quarter (two-year) time period, across all North American Industry Classification System (NAICS) industries.
Q: Why is this trend relevant for users or analysts?
A: New business formations are a key indicator of entrepreneurial activity, economic dynamism, and the health of the local D.C. economy. This metric is closely watched by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau's Business Formation Statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the business climate and economic vitality of the District of Columbia, informing decisions around taxation, regulation, and economic development initiatives.
Q: Are there update delays or limitations?
A: The Business Formations data is published on a quarterly basis, with a short delay from the end of the reference quarter.
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Citation
U.S. Federal Reserve, Business Formations Within Eight Quarters: Total for All NAICS in District of Columbia (BFBF8QTOTALSADC), retrieved from FRED.