Nonfinancial Noncorporate Business; Other Loans and Advances; Liability, Transactions
Annual
NNBOLAA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,478.00
Year-over-Year Change
106.15%
Date Range
1/1/1946 - 1/1/2024
Summary
The Annual trend measures the total number of business openings in the United States on an annual basis. This metric is important for economists and policymakers to gauge entrepreneurial activity and business dynamism in the 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 Annual trend represents the total number of new business establishments that open in a given year across the United States. This data series is widely used by analysts to track changes in business formation and assess the underlying strength of the economy.
Methodology
The data is collected through surveys of business establishments by the U.S. Census Bureau.
Historical Context
Policymakers and investors monitor this trend to understand the pace of new business creation, which is a key driver of economic growth and job creation.
Key Facts
- The annual number of new business openings peaked at over 1 million in 2020.
- New business formation declined during the COVID-19 pandemic but has since rebounded.
- Trends in business openings are closely watched as an indicator of economic vitality.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total number of new business establishments that open each year across the United States.
Q: Why is this trend relevant for users or analysts?
A: Tracking trends in business openings is crucial for understanding the pace of entrepreneurial activity and the underlying strength of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and investors monitor this trend to gauge the level of new business creation, which is a key driver of economic growth and job creation.
Q: Are there update delays or limitations?
A: The Annual data is released with a lag, and there may be revisions to historical values as more information becomes available.
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Citation
U.S. Federal Reserve, Annual (NNBOLAA027N), retrieved from FRED.