Average Duration (in Quarters) from Business Application to Formation Within Eight Quarters: Total for All NAICS in District of Columbia
BFDUR8QTOTALNSADC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.90
Year-over-Year Change
16.47%
Date Range
7/1/2004 - 12/1/2020
Summary
This economic trend measures the average time (in quarters) it takes for new business applications in the District of Columbia to translate into actual business formations within an 8-quarter period. It provides insights into the entrepreneurial climate and dynamism of the local economy.
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 Eight Quarters: Total for All NAICS in District of Columbia' metric tracks how quickly new business ideas in the region are turning into registered companies. This data point is useful for policymakers and economic analysts to gauge the District's small business and startup ecosystem.
Methodology
The data is collected and calculated by the U.S. Census Bureau.
Historical Context
This trend can inform decisions around economic development policies and programs to support entrepreneurship.
Key Facts
- Shorter durations indicate a more dynamic entrepreneurial climate.
- This metric tracks all industries in the District of Columbia.
- Data is released quarterly by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average time (in quarters) it takes for new business applications in the District of Columbia to translate into actual business formations within an 8-quarter period.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the entrepreneurial climate and dynamism of the local economy, which is useful for policymakers and economic 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 decisions around economic development policies and programs to support entrepreneurship in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Census Bureau, with potential delays in availability.
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Citation
U.S. Federal Reserve, Average Duration (in Quarters) from Business Application to Formation Within Eight Quarters: Total for All NAICS in District of Columbia (BFDUR8QTOTALNSADC), retrieved from FRED.