Projected Business Formations Within Eight Quarters: Total for All NAICS in Rhode Island
BFPBF8QTOTALNSARI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.00
Year-over-Year Change
12.38%
Date Range
7/1/2004 - 6/1/2025
Summary
This economic indicator tracks the projected number of new business formations in Rhode Island over the next eight quarters. It 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
The Projected Business Formations Within Eight Quarters metric forecasts the total number of new businesses expected to be formed across all industries in Rhode Island over the next two years. It serves as an early indicator of emerging entrepreneurial trends and can inform economic policymaking.
Methodology
The data is collected and calculated by the U.S. Census Bureau using statistical modeling.
Historical Context
Economists and policymakers monitor this indicator to assess the business climate and entrepreneurial environment within Rhode Island.
Key Facts
- Rhode Island saw 3,950 new business formations projected over the next eight quarters as of the latest data.
- The state's projected business formations rate has increased by 12% over the past year.
- This indicator helps policymakers gauge the health and dynamism of Rhode Island's economy.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the projected number of new business formations across all industries in Rhode Island over the next eight quarters.
Q: Why is this trend relevant for users or analysts?
A: Monitoring projected business formations provides insight into entrepreneurial activity, economic dynamism, and the business climate within Rhode Island.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau using statistical modeling techniques.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this indicator to assess the entrepreneurial environment and inform economic development strategies in Rhode Island.
Q: Are there update delays or limitations?
A: There may be a several month delay in the most recent data being available, as the indicator relies on modeling and projections.
Related Trends
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Gross Domestic Product: Health Care and Social Assistance (62) in Rhode Island
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Gross Domestic Product: Government and Government Enterprises (92) in Rhode Island
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Personal Consumption Expenditures: Services: Health Care for Rhode Island
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Citation
U.S. Federal Reserve, Projected Business Formations Within Eight Quarters: Total for All NAICS in Rhode Island (BFPBF8QTOTALNSARI), retrieved from FRED.