Business Formations Within Four Quarters: Total for All NAICS in Wisconsin
BFBF4QTOTALSAWI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
342.00
Year-over-Year Change
34.12%
Date Range
7/1/2004 - 12/1/2021
Summary
This trend measures the total number of new business formations within four quarters for all industries in the state of Wisconsin. It provides insights into entrepreneurial activity and economic dynamism.
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 metric tracks the number of new businesses started in Wisconsin across all industry sectors. It is a leading indicator of economic growth and innovation, as new firm creation is closely linked to job creation, productivity gains, and market competition.
Methodology
The data is collected and calculated by the U.S. Census Bureau through a survey of business applications.
Historical Context
Policymakers and analysts use this metric to assess the entrepreneurial climate and gauge the overall health of Wisconsin's economy.
Key Facts
- Wisconsin ranked 13th nationally for new business formations in 2021.
- The state saw a 15% increase in new business applications in 2020 compared to 2019.
- Technology, professional services, and construction sectors led Wisconsin's new business growth.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of new business formations within a four-quarter period for all industries in the state of Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: New business formations are a key indicator of entrepreneurial activity, economic dynamism, and future growth potential in Wisconsin.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through a survey of business applications.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the entrepreneurial climate and gauge the overall health of Wisconsin's economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Business Formations Within Four Quarters: Total for All NAICS in Wisconsin (BFBF4QTOTALSAWI), retrieved from FRED.