Average Duration (in Quarters) from Business Application to Formation Within Four Quarters: Total for All NAICS in District of Columbia
BFDUR4QTOTALNSADC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.70
Year-over-Year Change
6.25%
Date Range
7/1/2004 - 12/1/2021
Summary
This economic trend measures the average time (in quarters) it takes for new business applications in Washington, D.C. to result in actual business formations within four quarters. It provides insights into entrepreneurial activity and the speed of new firm creation in the district.
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 tracks the typical lag between when individuals apply to start a new business and when those businesses are ultimately formed in the District of Columbia. This indicator offers valuable data on the dynamism and vitality of the local entrepreneurial ecosystem.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on administrative records of new business applications and formations.
Historical Context
This trend is closely monitored by policymakers and economic development agencies to understand barriers to business creation and inform policies supporting entrepreneurship.
Key Facts
- The average duration is measured in quarters.
- The data covers all industries in Washington, D.C.
- Faster business formation can drive economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average time (in quarters) it takes for new business applications in Washington, D.C. to result in actual business formations within four quarters.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the dynamism and vitality of the local entrepreneurial ecosystem, which is closely monitored by policymakers and economic development agencies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on administrative records of new business applications and formations.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economic development agencies to understand barriers to business creation and inform policies supporting entrepreneurship.
Q: Are there update delays or limitations?
A: The data may have a short update delay as it is based on administrative records collected by the Census Bureau.
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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 District of Columbia (BFDUR4QTOTALNSADC), retrieved from FRED.