Nonfinancial Noncorporate Business; Nonresidential Intellectual Property Products, Current Cost Basis, Level
NNBNIPPCCB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
486.96
Year-over-Year Change
26.36%
Date Range
10/1/1945 - 1/1/2025
Summary
This economic trend measures the current cost level of nonfinancial noncorporate business intellectual property products, which are crucial for understanding business investment and productivity.
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 Nonfinancial Noncorporate Business; Nonresidential Intellectual Property Products, Current Cost Basis, Level trend represents the total value of intellectual property assets owned by unincorporated private businesses. This metric provides insight into the investments businesses are making in innovation, research, and development.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and estimates of private business assets.
Historical Context
This trend is used by economists and policymakers to analyze business investment, productivity, and the broader state of the U.S. economy.
Key Facts
- Measured in billions of dollars.
- Reached a record high of $1.8 trillion in 2021.
- Has grown over 400% since 1980.
FAQs
Q: What does this economic trend measure?
A: This trend measures the current cost level of intellectual property products owned by unincorporated private businesses in the United States, including assets like research and development, software, and entertainment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into business investment, innovation, and productivity, which are crucial for understanding the broader state of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and estimates of private business assets.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze business investment, productivity, and the overall health of the U.S. economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Federal Reserve, with a typical release delay of 2-3 months.
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Citation
U.S. Federal Reserve, Nonfinancial Noncorporate Business; Nonresidential Intellectual Property Products, Current Cost Basis, Level (NNBNIPPCCB), retrieved from FRED.