Non-Financial Non-Corporate Business’ Contribution to GDP

Source: Created from data from the Federal Reserve Flow of Funds report.

Non-farm, non-financial sole proprietorships and partnerships accounted for a higher fraction of U.S. gross domestic product in 2013 than in any year since 1980, federal government data reveal. Although the Great Recession on non-corporate businesses drove down the non-corporate, non-financial business sector’s share of gross value added from 18.0 percent in 2007 to 17.1 percent in 2009, the subsequent economic recovery has pushed the contribution to economic value of non-farm non-financial sole proprietorships and partnerships back to 18.7 percent of the total.

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from Blogger http://evangelinagius.blogspot.com/2014/12/non-financial-non-corporate-business.html