Projected Business Formations Within Eight Quarters: Total for All NAICS in Hawaii
BFPBF8QTOTALNSAHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.00
Year-over-Year Change
5.15%
Date Range
7/1/2004 - 6/1/2025
Summary
This economic trend measures projected business formations within eight quarters for all NAICS (North American Industry Classification System) industries in the state of Hawaii. It provides insight into the expected pace of new business creation and entrepreneurial activity in the local economy.
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 Projected Business Formations Within Eight Quarters metric forecasts the total number of new business formations across all sectors in Hawaii over an eight-quarter (two-year) time horizon. This forward-looking indicator helps economists and policymakers assess the state's entrepreneurial dynamism and potential for future economic growth.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on statistical modeling of business registration and formation patterns.
Historical Context
This trend is closely monitored by economists, investors, and government agencies to gauge Hawaii's business climate and inform economic development strategies.
Key Facts
- Hawaii's projected business formations reached a high of 11,700 in Q4 2022.
- The trend has shown steady growth since the COVID-19 pandemic lows in 2020.
- Projected formations represent a leading indicator of future economic activity in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the projected number of new business formations across all industry sectors in the state of Hawaii over an eight-quarter (two-year) time horizon.
Q: Why is this trend relevant for users or analysts?
A: This forward-looking indicator provides insights into the expected pace of entrepreneurial activity and business dynamism in Hawaii's economy, which is valuable for economists, policymakers, 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 statistical modeling of business registration and formation patterns.
Q: How is this trend used in economic policy?
A: Economists and government agencies closely monitor this trend to gauge Hawaii's business climate and inform economic development strategies aimed at fostering entrepreneurship and supporting new business growth.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical release lag of 2-3 months. As a forward-looking projection, the estimates may be subject to revision as new information becomes available.
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Citation
U.S. Federal Reserve, Projected Business Formations Within Eight Quarters: Total for All NAICS in Hawaii (BFPBF8QTOTALNSAHI), retrieved from FRED.