High-Propensity Business Applications: Total for All NAICS in North Dakota
BAHBATOTALSAND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
268.00
Year-over-Year Change
12.61%
Date Range
7/1/2004 - 6/1/2025
Summary
The High-Propensity Business Applications: Total for All NAICS in North Dakota trend measures the total number of high-propensity business applications in the state, providing insights into entrepreneurial activity and economic growth.
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 metric tracks applications for new businesses in North Dakota that have a high likelihood of turning into actual business operations. It serves as an indicator of entrepreneurial dynamism and confidence in the state's economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by policymakers and economists to assess the state's business climate and inform economic development strategies.
Key Facts
- North Dakota has seen a steady increase in high-propensity business applications since 2015.
- The state's high-propensity business application rate is among the highest in the nation.
- Robust entrepreneurial activity is a key driver of economic growth in North Dakota.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of high-propensity business applications in North Dakota, which are applications for new businesses that have a high likelihood of turning into actual operations.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the entrepreneurial dynamism and confidence in North Dakota's economy, which is crucial for policymakers and economists to assess the state's business climate and inform economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the state's business climate and inform economic development strategies aimed at promoting entrepreneurship and economic growth.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Census Bureau, but there may be a short delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, High-Propensity Business Applications: Total for All NAICS in North Dakota (BAHBATOTALSAND), retrieved from FRED.