Business Formations Within Eight Quarters: Total for All NAICS in Iowa
BFBF8QTOTALNSAIA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
191.00
Year-over-Year Change
-6.37%
Date Range
7/1/2004 - 12/1/2020
Summary
The 'Business Formations Within Eight Quarters: Total for All NAICS in Iowa' measures the total number of new business applications in Iowa that are expected to become active within eight quarters. This trend provides insight 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
This series tracks the total number of applications for new businesses in Iowa across all industries that are predicted to become active businesses within two years. It is a leading indicator of business creation and can signal changes in economic conditions and opportunities.
Methodology
The data is collected and calculated by the U.S. Census Bureau through its Business Formation Statistics program.
Historical Context
This trend is used by policymakers, economists, and investors to gauge the state's entrepreneurial climate and economic outlook.
Key Facts
- New business applications in Iowa reached a record high in 2021.
- The trend declined during the COVID-19 pandemic but has since rebounded.
- Iowa ranks among the top states for new business creation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business applications in Iowa that are expected to become active within eight quarters, across all industries.
Q: Why is this trend relevant for users or analysts?
A: The trend provides insight into entrepreneurial activity and economic dynamism in Iowa, which is valuable for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through its Business Formation Statistics program.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and investors to gauge the state's entrepreneurial climate and economic outlook.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Business Formations Within Eight Quarters: Total for All NAICS in Iowa (BFBF8QTOTALNSAIA), retrieved from FRED.