Nonfinancial Noncorporate Business; Net National Income/Balance of Primary Incomes, Net, Transactions
NNBPINA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,788.00
Year-over-Year Change
36.71%
Date Range
1/1/1946 - 1/1/2024
Summary
This economic trend measures the net national income or balance of primary incomes for the U.S. nonfinancial noncorporate business sector. It provides insights into the overall health and productivity of a key segment of the economy.
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; Net National Income/Balance of Primary Incomes, Net, Transactions series represents the net national income or balance of primary incomes for the U.S. nonfinancial noncorporate business sector. This metric helps economists and policymakers assess the earnings and financial position of small businesses and self-employed individuals.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This economic indicator is widely used to evaluate the overall performance and contribution of the noncorporate business sector to the U.S. economy.
Key Facts
- The nonfinancial noncorporate business sector accounts for over 50% of U.S. private-sector employment.
- This metric tracks the total income earned by small businesses and self-employed individuals.
- It is a key indicator of economic conditions for the small business and entrepreneurial segments.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net national income or balance of primary incomes for the U.S. nonfinancial noncorporate business sector, which includes small businesses and sole proprietorships.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the financial health and productivity of a significant portion of the U.S. economy, helping economists and policymakers assess the performance of the small business and entrepreneurial segments.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: This economic indicator is widely used to evaluate the overall performance and contribution of the noncorporate business sector, which informs policymaking and helps shape strategies to support small businesses and entrepreneurship.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the Bureau of Economic Analysis, and there may be lags in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Nonfinancial Noncorporate Business; Net National Income/Balance of Primary Incomes, Net, Transactions (NNBPINA027N), retrieved from FRED.