Projected Business Formations Within Four Quarters: Total for All NAICS in Rhode Island
BFPBF4QTOTALNSARI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.00
Year-over-Year Change
10.78%
Date Range
7/1/2004 - 7/1/2025
Summary
This economic trend measures projected business formations within four quarters for all industries in Rhode Island. It provides insights into the state's 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
The Projected Business Formations Within Four Quarters metric estimates the number of new businesses expected to form in Rhode Island over the next four quarters. It serves as an indicator of the state's entrepreneurial climate and broader economic conditions.
Methodology
The data is collected and calculated by the U.S. Census Bureau through statistical modeling.
Historical Context
This trend is used by policymakers and analysts to gauge Rhode Island's business formation outlook and inform economic development strategies.
Key Facts
- Rhode Island's projected business formations are a leading indicator of economic activity.
- This metric has shown steady growth in recent years, signaling a vibrant entrepreneurial ecosystem.
- Policymakers use this data to inform decisions on supporting small businesses and startups.
FAQs
Q: What does this economic trend measure?
A: This trend measures the projected number of new business formations in Rhode Island over the next four quarters across all industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Rhode Island's entrepreneurial climate and overall economic dynamism, which is valuable for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through statistical modeling and projections.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this data to inform decisions on supporting small businesses, startups, and entrepreneurial activities in Rhode Island.
Q: Are there update delays or limitations?
A: The data is released quarterly, and there may be some delay in the most recent figures due to the modelling process.
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Citation
U.S. Federal Reserve, Projected Business Formations Within Four Quarters: Total for All NAICS in Rhode Island (BFPBF4QTOTALNSARI), retrieved from FRED.