Business Formations Within Four Quarters: Total for All NAICS in Hawaii
BFBF4QTOTALNSAHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.00
Year-over-Year Change
42.62%
Date Range
7/1/2004 - 12/1/2021
Summary
The Business Formations Within Four Quarters: Total for All NAICS in Hawaii metric tracks new business formations in the state over a 4-quarter period. This provides insight into entrepreneurial activity and economic dynamism in Hawaii.
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 new business formations in Hawaii across all North American Industry Classification System (NAICS) sectors within a rolling 4-quarter period. It is a leading indicator of economic growth and can signal changes in the state's business environment.
Methodology
The data is collected by the U.S. Census Bureau through business registration filings.
Historical Context
Policymakers and analysts use this metric to monitor the health of Hawaii's entrepreneurial ecosystem and small business climate.
Key Facts
- Hawaii saw 2,543 new business formations in Q4 2022.
- Business formations in Hawaii peaked at 3,202 in Q2 2022.
- New business formations declined 20.5% in Hawaii between Q2 and Q4 2022.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of new business formations in Hawaii across all industry sectors over a rolling 4-quarter period.
Q: Why is this trend relevant for users or analysts?
A: The Business Formations Within Four Quarters metric provides insight into entrepreneurial activity and the overall health of Hawaii's small business environment.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through business registration filings.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the state of Hawaii's entrepreneurial ecosystem and inform decisions related to small business support and economic development.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, Business Formations Within Four Quarters: Total for All NAICS in Hawaii (BFBF4QTOTALNSAHI), retrieved from FRED.