Proprietors' Nonfarm Income in Delaware
DEONON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,348.10
Year-over-Year Change
33.60%
Date Range
1/1/1948 - 1/1/2025
Summary
Proprietors' Nonfarm Income in Delaware measures the income earned by self-employed individuals in the state, excluding farm income. It is an important indicator of economic activity and self-employment trends.
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
This metric represents the total income received by sole proprietors, partnerships, and tax-exempt cooperatives in Delaware's nonfarm industries. It is a key component of personal income and a useful barometer of entrepreneurial vitality in the state.
Methodology
The data is collected through surveys and administrative records by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists monitor this trend to assess the health of Delaware's small business sector and entrepreneurial climate.
Key Facts
- Delaware's proprietors' nonfarm income totaled $10.3 billion in 2021.
- This metric has grown by over 30% in the past decade.
- Small businesses account for 99.0% of all enterprises in Delaware.
FAQs
Q: What does this economic trend measure?
A: Proprietors' Nonfarm Income in Delaware measures the total income earned by self-employed individuals and unincorporated businesses in the state, excluding farm income.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the entrepreneurial activity and health of Delaware's small business sector, which is an important driver of economic growth and innovation in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor Proprietors' Nonfarm Income to assess the business climate and entrepreneurial vitality in Delaware, which can inform decisions on economic development initiatives and small business support programs.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months, and may be subject to revisions as more complete information becomes available.
Related Trends
All Employees: Government: Local Government in Delaware
SMU10000009093000001
Chain-Type Quantity Index for Real GDP: Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523) in Delaware
DESECCOMINVQGSP
Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Delaware
DEGOVQQGSP
Persons Unemployed 15 Weeks or Longer, as a Percent of the Civilian Labor Force for Delaware
U1UNEM1DE
All Employees: Government: State Government in Delaware
SMS10000009092000001
Gross Domestic Product: Nonmetallic Mineral Product Manufacturing (327) in Delaware
DENMMPMANNGSP
Citation
U.S. Federal Reserve, Proprietors' Nonfarm Income in Delaware (DEONON), retrieved from FRED.