Spliced Business Formations Within Eight Quarters: Total for All NAICS in Alabama
BFSBF8QTOTALSAAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
478.00
Year-over-Year Change
23.83%
Date Range
7/1/2004 - 7/1/2025
Summary
This economic trend measures the total number of new business formations within eight quarters for all industries in the state of Alabama. It provides insights into the entrepreneurial activity and dynamism of the state's economy.
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 Eight Quarters metric tracks the total number of new businesses that have been established in Alabama across all North American Industry Classification System (NAICS) sectors within a two-year time frame. This data point is used by economists and policymakers to assess the startup and small business climate in the state.
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 governments, economic development agencies, and investors to understand regional entrepreneurial trends and guide policy decisions.
Key Facts
- Alabama ranked 23rd nationally for new business formations in 2021.
- The state saw a 12% increase in new business applications from 2020 to 2021.
- The information sector had the highest rate of new business formations in Alabama.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business formations within an 8-quarter (2-year) period across all industries in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the entrepreneurial activity and dynamism of Alabama's economy, which is of interest to policymakers, economic development agencies, 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 governments and economic development agencies use this metric to monitor regional entrepreneurial trends and guide policy decisions to support small businesses and startups.
Q: Are there update delays or limitations?
A: The data is released quarterly with a delay of approximately 2-3 months, so the most recent figures may not fully reflect the current economic conditions.
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Citation
U.S. Federal Reserve, Spliced Business Formations Within Eight Quarters: Total for All NAICS in Alabama (BFSBF8QTOTALSAAL), retrieved from FRED.