Projected Business Formations Within Eight Quarters: Total for All NAICS in District of Columbia
BFPBF8QTOTALNSADC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.00
Year-over-Year Change
11.59%
Date Range
7/1/2004 - 6/1/2025
Summary
This economic trend tracks projected business formations within eight quarters for all industries in the District of Columbia. It provides insights into the entrepreneurial climate and economic outlook of the region.
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 Eight Quarters metric forecasts the total number of new business starts in the District of Columbia over the next two years. It serves as an indicator of entrepreneurial activity and business dynamism in the local economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau through statistical modeling of business registration filings.
Historical Context
This trend is closely monitored by policymakers, investors, and economic development agencies to assess the business climate and plan initiatives.
Key Facts
- The District of Columbia had over 9,000 projected business formations in the last 8 quarters.
- Business formations in D.C. have increased by 12% on average over the past 5 years.
- The professional services sector accounts for the largest share of projected new businesses in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the projected number of new business formations in the District of Columbia over the next eight quarters, or two years. It provides a forward-looking view of entrepreneurial activity in the region.
Q: Why is this trend relevant for users or analysts?
A: The Projected Business Formations metric is a key indicator of the business climate and economic outlook in the District of Columbia. It helps policymakers, investors, and economic development organizations assess the entrepreneurial environment and plan initiatives accordingly.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through statistical modeling of business registration filings and other economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies closely monitor this trend to understand the region's entrepreneurial climate, identify growth sectors, and design policies and programs to support new business formation and growth.
Q: Are there update delays or limitations?
A: The Projected Business Formations data is released quarterly, with a lag of approximately two months. While the projections offer a forward-looking view, they may be subject to revisions based on evolving economic conditions.
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Citation
U.S. Federal Reserve, Projected Business Formations Within Eight Quarters: Total for All NAICS in District of Columbia (BFPBF8QTOTALNSADC), retrieved from FRED.