Business Formations Within Eight Quarters: Total for All NAICS in Colorado
BFBF8QTOTALSACO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
635.00
Year-over-Year Change
-12.77%
Date Range
7/1/2004 - 12/1/2020
Summary
This trend measures the total number of new business formations in Colorado within eight quarters, across all industries. 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 Eight Quarters metric tracks the cumulative number of new businesses established in Colorado over an eight-quarter period. This measure is an important indicator of the state's entrepreneurial environment and ability to foster the creation of new economic entities.
Methodology
The data is collected and calculated by the U.S. Census Bureau from administrative business registration records.
Historical Context
Policymakers and economic analysts use this trend to assess the business climate and development prospects in Colorado.
Key Facts
- Colorado ranked 8th among U.S. states for business formations in 2021.
- The state saw over 24,000 new business formations in the last eight quarters.
- Technology, healthcare, and professional services led Colorado's business formation growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business formations in Colorado over an eight-quarter period, across all industries and sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Colorado's entrepreneurial activity and economic dynamism, which are important factors for policymakers, investors, and businesses interested in the state's growth prospects.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau from administrative business registration records.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this trend to assess the business climate and development prospects in Colorado, informing decisions on economic development initiatives and support for entrepreneurship.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a lag of several months. There may be some limitations in capturing all new business formations, as the data relies on administrative records.
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Citation
U.S. Federal Reserve, Business Formations Within Eight Quarters: Total for All NAICS in Colorado (BFBF8QTOTALSACO), retrieved from FRED.