Projected Business Formations Within Eight Quarters: Total for All NAICS in Virginia
BFPBF8QTOTALNSAVA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
953.00
Year-over-Year Change
15.66%
Date Range
7/1/2004 - 7/1/2025
Summary
This economic trend tracks projected business formations within eight quarters for all industries in Virginia. It provides insight into the state's entrepreneurial activity and economic growth potential.
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 businesses that are expected to be formed in Virginia across all North American Industry Classification System (NAICS) sectors over the next two years. This forward-looking indicator helps policymakers and analysts assess the state's entrepreneurial climate and prospects for future economic expansion.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on statistical modeling of business application filings.
Historical Context
This trend is closely monitored by state economic development agencies, investors, and market analysts to gauge Virginia's business dynamism and competitiveness.
Key Facts
- Virginia ranks among the top 10 states for new business formations.
- The forecast period of eight quarters aligns with typical planning horizons for entrepreneurs and policymakers.
- Projected business formations are a leading indicator of future job creation and economic vitality.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the projected number of new businesses that are expected to be formed in Virginia across all industries over the next two years.
Q: Why is this trend relevant for users or analysts?
A: This forward-looking indicator provides insight into Virginia's entrepreneurial climate and prospects for future economic growth and job creation.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on statistical modeling of business application filings.
Q: How is this trend used in economic policy?
A: State economic development agencies, investors, and market analysts closely monitor this trend to gauge Virginia's business dynamism and competitiveness.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Projected Business Formations Within Eight Quarters: Total for All NAICS in Virginia (BFPBF8QTOTALNSAVA), retrieved from FRED.