Spliced Business Formations Within Four Quarters: Total for All NAICS in Rhode Island
BFSBF4QTOTALNSARI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.00
Year-over-Year Change
11.11%
Date Range
7/1/2004 - 6/1/2025
Summary
This economic trend measures the total number of new business formations within four quarters in Rhode Island across all industry sectors. It provides insight 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 Spliced Business Formations Within Four Quarters: Total for All NAICS in Rhode Island metric tracks the volume of newly formed businesses in the state over a rolling four-quarter period. This data point is used by economists and policymakers to assess the health of the local entrepreneurial ecosystem and small business climate.
Methodology
The data is collected and calculated by the U.S. Census Bureau through business registration filings.
Historical Context
This trend is closely monitored by state economic development agencies and investors to gauge Rhode Island's business creation and competitiveness.
Key Facts
- New business formations in Rhode Island totaled 3,425 in Q4 2022.
- Business formations increased by 7.2% year-over-year in Rhode Island.
- Rhode Island ranks 32nd among U.S. states for new business creation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business formations in Rhode Island across all industry sectors over a rolling four-quarter period.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the entrepreneurial health and economic dynamism of Rhode Island, which is closely monitored by state policymakers and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through business registration filings.
Q: How is this trend used in economic policy?
A: State economic development agencies and investors use this trend to gauge Rhode Island's business creation and competitiveness.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two months.
Related Trends
Accommodation and Food Services Wages and Salaries in Rhode Island
RIWACC
Real Gross Domestic Product: All Industry Total in Rhode Island
RIRQGSP
State Government Tax Collections, Motor Vehicle Operators Licenses in Rhode Island
RIMVOPERTAX
Chain-Type Quantity Index for Real GDP: Administrative and Support and Waste Management and Remediation Services (56) in Rhode Island
RIADMINWASTQQGSP
Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Rhode Island
RIOTHTRANNGSP
Forestry, Fishing, Related Activities, and Other Earnings in Rhode Island
RIEFOR
Citation
U.S. Federal Reserve, Spliced Business Formations Within Four Quarters: Total for All NAICS in Rhode Island (BFSBF4QTOTALNSARI), retrieved from FRED.