Spliced Business Formations Within Four Quarters: Total for All NAICS in North Dakota
BFSBF4QTOTALSAND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.00
Year-over-Year Change
-5.41%
Date Range
7/1/2004 - 6/1/2025
Summary
This economic trend measures the total number of new business formations in North Dakota within four 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 Spliced Business Formations Within Four Quarters metric tracks the total count of new businesses formed in North Dakota over a rolling 4-quarter period. This data is a key indicator of economic vitality and startup growth in the state.
Methodology
The data is collected and calculated by the U.S. Census Bureau.
Historical Context
This trend is widely used by policymakers, economists, and investors to assess the health of North Dakota's entrepreneurial ecosystem.
Key Facts
- New business formations peaked in North Dakota in 2019.
- The state ranks among the top 10 nationally for startup activity.
- Business formation data is an early indicator of economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business formations in North Dakota over a rolling 4-quarter period, across all industries.
Q: Why is this trend relevant for users or analysts?
A: The business formations metric provides valuable insights into entrepreneurial activity and economic dynamism in North Dakota, which is crucial for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and investors to assess the health of North Dakota's entrepreneurial ecosystem and guide economic development strategies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a short delay, providing timely insights into business formation trends in North Dakota.
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Citation
U.S. Federal Reserve, Spliced Business Formations Within Four Quarters: Total for All NAICS in North Dakota (BFSBF4QTOTALSAND), retrieved from FRED.