Proprietors' Nonfarm Income in Arkansas
ARONON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,432.70
Year-over-Year Change
15.45%
Date Range
1/1/1948 - 1/1/2025
Summary
The Proprietors' Nonfarm Income in Arkansas measures the total income earned by unincorporated business owners and self-employed individuals in the state. It serves as an important indicator of economic activity and entrepreneurship.
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 income generated by sole proprietorships, partnerships, and other non-corporate business entities in Arkansas, excluding farm income. It is a key component of personal income and can provide insights into the state's business climate and small business dynamics.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on tax filings and other economic statistics.
Historical Context
Policymakers and analysts use this trend to gauge the health and growth of the non-corporate business sector in Arkansas, which can inform economic development strategies and policies.
Key Facts
- Proprietors' income accounts for over 10% of total personal income in Arkansas.
- The metric has grown by an average of 3% annually over the past decade.
- Sole proprietorships make up the majority of non-farm businesses in the state.
FAQs
Q: What does this economic trend measure?
A: The Proprietors' Nonfarm Income in Arkansas measures the total income earned by unincorporated business owners and self-employed individuals in the state, excluding farm income.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and growth of the non-corporate business sector in Arkansas, which is an important driver of economic activity and entrepreneurship in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on tax filings and other economic statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge the business climate and small business dynamics in Arkansas, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as additional information becomes available.
Related Trends
Regional Price Parities: All Items: Metropolitan Portion for Arkansas
ARMPRPPALL
State Government Tax Collections, Other License Taxes in Arkansas
AROTHLICTAX
90% Confidence Interval Upper Bound of Estimate of People Age 0-17 in Poverty for Arkansas
PECIUBU18AR05000A647NCEN
Transportation Carbon Dioxide Emissions, Motor Gasoline for Arkansas
EMISSCO2VMGACBARA
Gross Domestic Product: All Industry Total in Arkansas
ARNQGSP
Home Vacancy Rate for Arkansas
ARHVAC
Citation
U.S. Federal Reserve, Proprietors' Nonfarm Income in Arkansas (ARONON), retrieved from FRED.