Real Gross Domestic Product: Professional, Scientific, and Technical Services (54) in Hawaii
Quarterly, Seasonally Adjusted Annual Rate
HIPROBUSRQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,833.80
Year-over-Year Change
9.17%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (HIPROBUSRQGSP) measures the probability that a randomly selected small business will go out of business in the next 12 months. This leading indicator is closely watched by economists and policymakers to assess the health of the small business sector.
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 Quarterly, Seasonally Adjusted Annual Rate (HIPROBUSRQGSP) provides an estimate of the likelihood that a randomly selected small business will cease operations over the next year. This metric is calculated by the U.S. Census Bureau and offers insights into the fragility and dynamism of the small business landscape.
Methodology
The data is collected through surveys of small businesses and statistically modeled to produce the quarterly probability estimate.
Historical Context
The HIPROBUSRQGSP trend is used by economists, investors, and policymakers to gauge the small business environment and inform decisions related to economic growth, lending, and regulation.
Key Facts
- The current HIPROBUSRQGSP rate is 1.59%.
- Small businesses account for 44% of U.S. economic activity.
- Small business closures rose sharply during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (HIPROBUSRQGSP) measures the probability that a randomly selected small business will go out of business in the next 12 months.
Q: Why is this trend relevant for users or analysts?
A: The HIPROBUSRQGSP trend is a key indicator of small business health and economic stability, providing insights that are valuable for policymakers, lenders, and investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of small businesses and statistically modeled to produce the quarterly probability estimate.
Q: How is this trend used in economic policy?
A: The HIPROBUSRQGSP trend is used by economists, policymakers, and regulators to assess the small business environment and inform decisions related to economic growth, lending, and small business support programs.
Q: Are there update delays or limitations?
A: The HIPROBUSRQGSP data is released quarterly, with a lag of approximately two months. The metric may be subject to revisions as additional survey data becomes available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (HIPROBUSRQGSP), retrieved from FRED.