Average Duration (in Quarters) from Business Application to Formation Within Eight Quarters: Total for All NAICS in Delaware
BFDUR8QTOTALNSADE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.17
Year-over-Year Change
-16.86%
Date Range
7/1/2004 - 12/1/2020
Summary
This economic trend tracks the average duration, in quarters, from when a business applies to when it officially forms within 8 quarters, for all industries in Delaware.
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 measures the typical time it takes for a new business to complete the formation process in Delaware. This metric provides insights into the state's entrepreneurial environment and regulatory efficiency.
Methodology
The data is collected through a survey of new business applications and formations.
Historical Context
This trend is relevant for policymakers and economic development agencies seeking to understand and improve the business startup climate.
Key Facts
- The average duration is measured in quarters.
- The trend covers all industries in Delaware.
- A shorter duration indicates a more efficient startup process.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of quarters it takes for a new business application to result in an official business formation in Delaware, for all industries combined.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the entrepreneurial climate and regulatory efficiency in Delaware, which is valuable information for policymakers, economic development agencies, and businesses considering starting operations in the state.
Q: How is this data collected or calculated?
A: The data is collected through a survey of new business applications and formations in Delaware.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies can use this trend to evaluate the state's business startup environment and identify areas for improvement, such as streamlining regulations or providing additional support for entrepreneurs.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and can only provide insights into the overall trends for all industries in Delaware, rather than specific sectors or regions within the state.
Related Trends
Estimate of People Age 0-17 in Poverty in Delaware
PEU18DE10000A647NCEN
Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Delaware
DEPCEGAS
Coefficient for Commercial Carbon Dioxide Emissions, Industrial Coking for Delaware
EMISSCO2CCLCCBDEA
State Government Tax Collections, Total Income Taxes in Delaware
DETLINCTAX
Regional Price Parities: All Items: Metropolitan Portion for Delaware
DEMPRPPALL
Estimate of People Under Age 5 in Poverty for Delaware
PE0T4DE10000A647NCEN
Citation
U.S. Federal Reserve, Average Duration (in Quarters) from Business Application to Formation Within Eight Quarters: Total for All NAICS in Delaware (BFDUR8QTOTALNSADE), retrieved from FRED.