Nonfinancial Noncorporate Business; Debt Securities; Asset, Level
Annual
NNBDSTA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90,048.00
Year-over-Year Change
52.61%
Date Range
1/1/1945 - 1/1/2024
Summary
The Annual trend measures the number of new business applications in the United States. It serves as an important economic indicator for policymakers and analysts tracking entrepreneurial activity and business 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 Annual trend, formally known as the New Business Applications: Corporate Applications, reports the total number of new business applications filed with the Internal Revenue Service (IRS) each year. It provides insights into the pace of new firm creation, a key component of economic growth and innovation.
Methodology
The data is collected by the U.S. Census Bureau through IRS administrative records.
Historical Context
The Annual trend is closely monitored by economists and policymakers to assess the health of the entrepreneurial ecosystem and inform decisions related to economic development and small business support.
Key Facts
- The U.S. saw over 5.4 million new business applications in 2021, a record high.
- New business formation is a key driver of job creation and innovation.
- Annual new business applications declined sharply during the COVID-19 pandemic but have since rebounded.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total number of new business applications filed with the IRS each year in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend provides valuable insights into the pace of new firm creation, which is a key indicator of entrepreneurial activity and economic dynamism.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau using IRS administrative records.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by economists and policymakers to assess the health of the entrepreneurial ecosystem and inform decisions related to economic development and small business support.
Q: Are there update delays or limitations?
A: The Annual trend data is published with a lag, and there may be revisions to historical values as more information becomes available.
Related Trends
Nonfinancial Noncorporate Business; Other Accounts Receivable; Asset, Transactions
NNBOARQ027S
Nonfinancial Noncorporate Business; Residential Real Estate at Market Value, Level
NNBEMVA027N
Nonfinancial Noncorporate Business; Short-Term Loans; Liability, Level
NNBSTBA027N
Nonfinancial Noncorporate Business; Total U.S. Government Securities; Asset, Transactions
NNBGSAQ027S
Nonfinancial Noncorporate Business; Total Liabilities, Transactions
NNBTLIA027N
Nonfinancial Noncorporate Business; Nonresidential Equipment, Current Cost Basis, Level
NNBNCBA027N
Citation
U.S. Federal Reserve, Annual (NNBDSTA027N), retrieved from FRED.