Nonfinancial Noncorporate Business; Total Liabilities, Level
NNBTILA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,579,025.00
Year-over-Year Change
112.73%
Date Range
1/1/1945 - 1/1/2024
Summary
This economic trend measures the total liabilities of the U.S. nonfinancial noncorporate business sector, providing insight into the financial health and leverage of these small businesses and sole proprietorships.
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; Total Liabilities, Level indicator tracks the aggregate debt levels of unincorporated businesses in the United States. It is a valuable metric for analyzing the financial conditions and risk profile of this important economic segment.
Methodology
The data is collected and compiled by the U.S. Federal Reserve based on financial reports from a sample of nonfinancial noncorporate businesses.
Historical Context
This trend is closely monitored by policymakers and economists to assess the financing environment for small businesses and the broader nonfinancial corporate sector.
Key Facts
- Nonfinancial noncorporate businesses account for over 50% of U.S. private-sector employment.
- Total liabilities of this sector peaked at $6.7 trillion in 2008 before declining during the Great Recession.
- Debt levels are a key indicator of the financing conditions and risk profile for small businesses.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total liabilities or debt levels of 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: The total liabilities of nonfinancial noncorporate businesses provide insight into the financing conditions and risk profile of this important economic segment, which accounts for over half of private-sector employment.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the U.S. Federal Reserve based on financial reports from a sample of nonfinancial noncorporate businesses.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and economists to assess the financing environment for small businesses and the broader nonfinancial corporate sector, which is crucial for understanding employment, investment, and economic growth.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a lag of several months, so there may be delays in reflecting the most recent changes in nonfinancial noncorporate business liabilities.
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Citation
U.S. Federal Reserve, Nonfinancial Noncorporate Business; Total Liabilities, Level (NNBTILA027N), retrieved from FRED.