Nonfinancial Noncorporate Business; Other Loans and Advances; Liability, Level
NNBLABA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
494,422.00
Year-over-Year Change
135.12%
Date Range
1/1/1945 - 1/1/2024
Summary
The 'Nonfinancial Noncorporate Business; Other Loans and Advances; Liability, Level' metric tracks the outstanding loan balances held by non-corporate, non-financial businesses in the United States. This provides insight into the financing and debt levels 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
This Federal Reserve data series measures the liabilities related to 'other loans and advances' held by nonfinancial noncorporate businesses, which includes sole proprietorships, partnerships, and other unincorporated entities. It offers visibility into the financing activities and debt loads of small and medium-sized enterprises.
Methodology
The data is collected through the Federal Reserve's flow of funds accounts and national income and product accounts.
Historical Context
Policymakers and economists use this metric to assess the financial health and credit conditions facing a vital part of the U.S. economy.
Key Facts
- This metric has been tracked by the Federal Reserve since 1945.
- Noncorporate businesses account for over 50% of U.S. private sector GDP.
- The series reached a record high of $1.79 trillion in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the outstanding loan balances and debt levels of nonfinancial noncorporate businesses in the United States, which includes sole proprietorships, partnerships, and other unincorporated entities.
Q: Why is this trend relevant for users or analysts?
A: This data offers visibility into the financing activities and credit conditions facing a vital segment of the U.S. economy, providing important insights for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data through its flow of funds accounts and national income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the financial health and credit environment facing small and medium-sized enterprises, which are crucial for economic growth and employment.
Q: Are there update delays or limitations?
A: The Federal Reserve publishes this data on a quarterly basis, with a typical release lag of 3 months.
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Citation
U.S. Federal Reserve, Nonfinancial Noncorporate Business; Other Loans and Advances; Liability, Level (NNBLABA027N), retrieved from FRED.