Nonfinancial Noncorporate Business; Total Liabilities, Transactions
NNBTLIA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
368,387.00
Year-over-Year Change
47.90%
Date Range
1/1/1946 - 1/1/2024
Summary
This economic trend measures the total liabilities, or debts, of the U.S. nonfinancial noncorporate business sector. It provides insight into the financing and leverage of small businesses and self-employed individuals.
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, Transactions series tracks the overall debt levels of unincorporated businesses, which include sole proprietorships, partnerships, and certain other legal forms. This data is used by economists and policymakers to analyze the financial health and borrowing patterns of the small business sector.
Methodology
The data is collected by the U.S. Federal Reserve from various sources, including tax and financial filings.
Historical Context
This metric is used to monitor the financing conditions and credit access for small businesses, which are a critical driver of economic growth and employment.
Key Facts
- Noncorporate businesses account for over 47% of U.S. private sector employment.
- Total nonfinancial noncorporate liabilities reached a record high of $6.7 trillion in Q4 2021.
- Small business debt levels are closely monitored by the Federal Reserve and other policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total liabilities, or debts, of the U.S. nonfinancial noncorporate business sector, which includes sole proprietorships, partnerships, and other unincorporated enterprises.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financing conditions and borrowing patterns of small businesses, which are a crucial driver of economic growth and employment in the United States.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve from various sources, including tax and financial filings.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess the credit access and financial health of the small business sector, which informs decisions on economic and monetary policy.
Q: Are there update delays or limitations?
A: The data is released quarterly by the Federal Reserve with a lag of approximately 3 months.
Related Trends
Nonfinancial Noncorporate Business; Taxes on Production and Imports Less Subsidies, Payable, Transactions
NNBTPIQ027S
Nonfinancial Noncorporate Business; Proprietors' Equity in Noncorporate Business, Transactions
NNBPENQ027S
Nonfinancial Noncorporate Business; Total Liabilities and Net Worth, Level
NNBTIWQ027S
Nonfinancial Noncorporate Business; Total Liabilities, Level
NNBTILA027N
Nonfinancial Noncorporate Business; Nonresidential Equipment, Current Cost Basis, Level
NNBNCBA027N
Nonfinancial Noncorporate Business; Unidentified Miscellaneous Assets, Transactions
NNBUMAA027N
Citation
U.S. Federal Reserve, Nonfinancial Noncorporate Business; Total Liabilities, Transactions (NNBTLIA027N), retrieved from FRED.