Spliced Business Formations Within Eight Quarters: Total for All NAICS in Virginia
BFSBF8QTOTALNSAVA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
953.00
Year-over-Year Change
15.66%
Date Range
7/1/2004 - 7/1/2025
Summary
This economic trend measures the total number of new business formations within eight quarters in Virginia, across all industry sectors. It provides insights into entrepreneurial activity and economic dynamism within 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: Total for All NAICS in Virginia metric tracks the number of new businesses started in the state over a two-year period. It is a leading indicator of economic growth and investment, as increased business formation often precedes broader expansions.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on administrative records.
Historical Context
Policymakers and analysts use this metric to assess the health of Virginia's entrepreneurial ecosystem and its broader economic trajectory.
Key Facts
- Virginia ranks among the top 10 states for new business formation.
- Business formations spiked during the COVID-19 pandemic as many started new ventures.
- The metric has shown steady growth in recent years, signaling a vibrant entrepreneurial climate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new business formations in Virginia within an eight-quarter (two-year) period, across all industry sectors.
Q: Why is this trend relevant for users or analysts?
A: The business formation metric is a key indicator of entrepreneurial activity and economic dynamism within the state, providing insights into investment, job creation, and overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of Virginia's entrepreneurial ecosystem and its broader economic trajectory, informing decisions around economic development, taxation, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a short publication delay. There are no major known limitations to the accuracy or coverage of this metric.
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Citation
U.S. Federal Reserve, Spliced Business Formations Within Eight Quarters: Total for All NAICS in Virginia (BFSBF8QTOTALNSAVA), retrieved from FRED.