Proprietors' Nonfarm Income in Arizona
AZONON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,951.60
Year-over-Year Change
12.39%
Date Range
1/1/1948 - 1/1/2025
Summary
Proprietors' Nonfarm Income in Arizona measures the total income earned by self-employed individuals in the state's non-agricultural sectors. This metric provides insight into the health and dynamics of Arizona's entrepreneurial activity and small business climate.
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
Proprietors' Nonfarm Income represents the net earnings of sole proprietorships, partnerships, and other unincorporated businesses. It is a key component of personal income and an important indicator of economic conditions for policymakers and analysts tracking Arizona's economic performance.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional economic accounts.
Historical Context
Trends in Proprietors' Nonfarm Income are closely watched by economists, investors, and government officials to assess the state's entrepreneurial vitality and small business dynamics.
Key Facts
- Proprietors' Nonfarm Income accounts for over 10% of Arizona's total personal income.
- The state saw a 5.2% increase in Proprietors' Nonfarm Income in 2021 compared to the prior year.
- Arizona ranked 7th among U.S. states for growth in Proprietors' Nonfarm Income in 2020.
FAQs
Q: What does this economic trend measure?
A: Proprietors' Nonfarm Income in Arizona measures the total net earnings of self-employed individuals and unincorporated businesses in the state's non-agricultural sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into Arizona's entrepreneurial activity, small business dynamics, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its regional economic accounts.
Q: How is this trend used in economic policy?
A: Trends in Proprietors' Nonfarm Income are closely monitored by policymakers, economists, and investors to assess the state's small business climate and entrepreneurial vitality.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Bureau of Economic Analysis, Proprietors' Nonfarm Income in Arizona (AZONON), retrieved from FRED.