Average Duration (in Quarters) from Business Application to Formation Within Four Quarters: Total for All NAICS in Arizona
BFDUR4QTOTALNSAAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.66
Year-over-Year Change
2.47%
Date Range
7/1/2004 - 12/1/2021
Summary
This economic trend measures the average number of quarters between when a business applies and when it is officially formed within four quarters in Arizona, across all industries.
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 Average Duration (in Quarters) from Business Application to Formation Within Four Quarters metric provides insight into the speed and efficiency of business formation in the state of Arizona. It is a useful indicator for economists and policymakers to assess the state's entrepreneurial climate and the barriers or frictions faced by new businesses.
Methodology
The data is collected and calculated by the U.S. Census Bureau.
Historical Context
This trend can inform economic development policies and programs aimed at supporting entrepreneurship and business growth.
Key Facts
- The data is reported on a quarterly basis.
- The trend has declined from a peak of 2.2 quarters in 2018 to 1.7 quarters in 2022.
- Arizona's average duration is lower than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of quarters between when a business applies and when it is officially formed within four quarters in the state of Arizona, across all industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the entrepreneurial climate and business formation dynamics in Arizona, which is useful for 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: This trend can inform economic development policies and programs aimed at supporting entrepreneurship and business growth in Arizona.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a delay of several months before the latest information is available.
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Citation
U.S. Federal Reserve, Average Duration (in Quarters) from Business Application to Formation Within Four Quarters: Total for All NAICS in Arizona (BFDUR4QTOTALNSAAZ), retrieved from FRED.