Economy
Average Proprietors' Income
Description: Average proprietors’ income is calculated from proprietors’ income and the number of proprietors. It is a measure of the individual economic well-being of proprietors (sole proprietorships, partnerships, and tax-exempt cooperatives).
Average proprietors’ income data are provided on the Economic and Demographic Indicators dashboard since 1969 for the United States, Arizona, and the 15 Arizona counties. State and national data are reported quarterly four months after the end of a quarter, with revised annual data reported in September. County data are released annually 16 months after the end of a year. The figures are adjusted for inflation using the GDP implicit price deflator.
Data Sources: U. S. Department of Commerce, Bureau of Economic Analysis through the Regional Economic Information System. Average proprietors’ income is available from Table CA30 http://www.bea.gov/regional/reis/default.cfm?catable=CA30. The GDP implicit price deflator is available from the U.S. Department of Commerce, Bureau of Economic Analysis http://www.bea.gov/national/nipaweb/SelectTable.asp?Selected=Y (Table 1.1.9).
Comments on the Quality of the Data: Some of the inputs to the calculation of proprietors’ income by state and county are estimated. The number of proprietors also is estimated.
