Business Applications: Total for All NAICS in Idaho
BABATOTALNSAID • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,442.00
Year-over-Year Change
3.34%
Date Range
7/1/2004 - 6/1/2025
Summary
The 'Business Applications: Total for All NAICS in Idaho' trend measures the number of new business applications filed in the state of Idaho. This data provides insight into entrepreneurial activity and economic dynamism in the region.
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
This economic indicator tracks the volume of new business applications across all industries in Idaho. It is used by economists and policymakers to monitor trends in business formation and assess the health of the state's entrepreneurial ecosystem.
Methodology
The data is collected and published by the U.S. Census Bureau based on administrative records of new business applications.
Historical Context
Trends in business applications are closely watched as an early indicator of future economic growth and employment.
Key Facts
- Idaho saw a 23% increase in new business applications in 2021 compared to the prior year.
- Service-based industries account for the largest share of new business applications in Idaho.
- The state's business application rate is above the national average.
FAQs
Q: What does this economic trend measure?
A: The 'Business Applications: Total for All NAICS in Idaho' metric tracks the volume of new business applications filed across all industries in the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: Trends in business applications provide valuable insights into entrepreneurial activity and economic dynamism in Idaho. This data is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau based on administrative records of new business applications.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the health of Idaho's entrepreneurial ecosystem and identify opportunities to support new business formation and growth.
Q: Are there update delays or limitations?
A: The data is published with a brief delay, typically 1-2 months after the end of the reference period. There are no major known limitations to this economic indicator.
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Citation
U.S. Federal Reserve, Business Applications: Total for All NAICS in Idaho (BABATOTALNSAID), retrieved from FRED.