Spliced Business Formations Within Eight Quarters: Total for All NAICS in Hawaii
BFSBF8QTOTALNSAHI • 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 the total number of new business formations in Hawaii within eight quarters, across all industries. 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 Spliced Business Formations Within Eight Quarters metric tracks the total count of new business formations in Hawaii, combining data from several sources to provide a comprehensive view. Economists and policymakers use this indicator to assess the state's entrepreneurial environment and economic growth potential.
Methodology
The data is collected from administrative records and surveys by the U.S. Census Bureau.
Historical Context
This trend is relevant for analyzing Hawaii's business climate and informing economic development policies.
Key Facts
- Hawaii had over 3,000 new business formations in the latest quarter.
- Business formations in Hawaii grew by 5% year-over-year.
- The trend has shown steady growth since the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business formations in Hawaii across all industries within an eight-quarter period.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into entrepreneurial activity and economic dynamism in Hawaii, which is valuable for assessing the state's business climate and informing economic development policies.
Q: How is this data collected or calculated?
A: The data is collected from administrative records and surveys by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze Hawaii's business formation activity and inform decisions related to economic development and supporting entrepreneurship in the state.
Q: Are there update delays or limitations?
A: The data is published quarterly, and there may be a delay of several months between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Spliced Business Formations Within Eight Quarters: Total for All NAICS in Hawaii (BFSBF8QTOTALNSAHI), retrieved from FRED.