High-Propensity Business Applications: Total for All NAICS in Arizona
BAHBATOTALSAAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,426.00
Year-over-Year Change
22.44%
Date Range
7/1/2004 - 7/1/2025
Summary
The High-Propensity Business Applications: Total for All NAICS in Arizona metric tracks the volume of new business applications in the state, which is a leading indicator of economic growth and entrepreneurial activity.
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 series measures the total number of high-propensity business applications filed across all industry sectors in Arizona. High-propensity applications are those with a high likelihood of becoming active businesses, providing insights into emerging economic trends and the state's entrepreneurial climate.
Methodology
The data is collected and published by the U.S. Census Bureau through its Business Formation Statistics program.
Historical Context
Economists and policymakers monitor this metric to assess the health of Arizona's small business ecosystem and its broader economic trajectory.
Key Facts
- Arizona saw a record-high number of new business applications in 2021.
- High-propensity applications account for a significant share of total business applications in the state.
- The trend in new business applications is closely watched as a leading indicator of economic activity.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of high-propensity business applications filed across all industry sectors in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: The volume of new business applications is a leading indicator of entrepreneurial activity and economic growth, providing insights into the health of Arizona's small business ecosystem.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau through its Business Formation Statistics program.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to assess the state's entrepreneurial climate and broader economic trajectory, which can inform policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: The data is released on a regular basis by the Census Bureau, but may be subject to revisions and updates as additional information becomes available.
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Citation
U.S. Federal Reserve, High-Propensity Business Applications: Total for All NAICS in Arizona (BAHBATOTALSAAZ), retrieved from FRED.