Business Formations Within Four Quarters: Total for All NAICS in Louisiana
BFBF4QTOTALNSALA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
272.00
Year-over-Year Change
5.43%
Date Range
7/1/2004 - 12/1/2021
Summary
This economic trend measures the total number of new business formations in Louisiana within a four-quarter period. It provides insights into entrepreneurial activity and economic dynamism in the state.
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 Business Formations Within Four Quarters trend tracks the creation of new businesses across all industries in Louisiana. It is a key indicator of economic vitality and can inform policymakers and analysts about the state's business climate and startup ecosystem.
Methodology
The data is collected and calculated by the U.S. Census Bureau.
Historical Context
This metric is used by economists, policymakers, and investors to assess the health and growth potential of Louisiana's economy.
Key Facts
- Louisiana ranked 17th among U.S. states for new business formations in 2022.
- The state saw a 5.2% increase in new business filings from 2021 to 2022.
- Small businesses account for over 99% of all firms in Louisiana.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business formations in Louisiana within a four-quarter period, providing insights into entrepreneurial activity in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic dynamism and can inform policymakers and investors about the health and growth potential of Louisiana's business environment.
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: Economists, policymakers, and investors use this metric to assess the health and growth potential of Louisiana's economy.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical delay of several months.
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Citation
U.S. Federal Reserve, Business Formations Within Four Quarters: Total for All NAICS in Louisiana (BFBF4QTOTALNSALA), retrieved from FRED.