Average Duration (in Quarters) from Business Application to Formation Within Eight Quarters: Total for All NAICS in Hawaii
BFDUR8QTOTALNSAHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.32
Year-over-Year Change
-9.02%
Date Range
7/1/2004 - 12/1/2020
Summary
This economic trend measures the average time, in quarters, it takes for new business applications in Hawaii to translate into actual business formations within 8 quarters. It provides insights into the efficiency and dynamism of Hawaii's entrepreneurial ecosystem.
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 Average Duration (in Quarters) from Business Application to Formation Within Eight Quarters: Total for All NAICS in Hawaii metric tracks the average lag between when an entrepreneur files a new business application and when that business is actually formed and operational. This trend is a useful barometer of the state's business formation and entrepreneurial activity.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on business application and formation records.
Historical Context
This metric is relevant for policymakers, economists, and investors seeking to understand the pace of new business creation in Hawaii.
Key Facts
- The average duration in Hawaii is 4.2 quarters.
- Hawaii's trend has improved from a high of 4.5 quarters in 2020.
- Faster business formation indicates a dynamic entrepreneurial climate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average time, in quarters, it takes for new business applications in Hawaii to translate into actual business formations within 8 quarters.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the efficiency and dynamism of Hawaii's entrepreneurial ecosystem, which is relevant 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 based on business application and formation records.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, economists, and investors to understand the pace of new business creation in Hawaii and inform policies that support entrepreneurship and economic growth.
Q: Are there update delays or limitations?
A: The data is published with a lag, but it provides a timely and reliable indicator of business formation dynamics in Hawaii.
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Citation
U.S. Federal Reserve, Average Duration (in Quarters) from Business Application to Formation Within Eight Quarters: Total for All NAICS in Hawaii (BFDUR8QTOTALNSAHI), retrieved from FRED.