Deficits of Mining and Quarrying Corporations for United States
A09013USA174NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112,632.00
Year-over-Year Change
-45.70%
Date Range
1/1/1916 - 1/1/1940
Summary
This economic trend measures the net profits and losses of corporations in the mining and quarrying industries within the United States. It provides insight into the financial health and competitiveness of a key sector 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
The Deficits of Mining and Quarrying Corporations for United States indicator tracks the net income (profits minus losses) reported by corporations in industries such as oil, gas, and mineral extraction. This data point is used by economists and policymakers to analyze the financial performance and capital investment of a vital domestic industry.
Methodology
The data is collected from corporate tax filings and financial statements reported to the U.S. government.
Historical Context
Trends in mining and quarrying profits are closely watched as indicators of commodity prices, energy supply, and overall business investment.
Key Facts
- Mining and quarrying account for 2.3% of U.S. GDP.
- The sector employs over 600,000 workers nationwide.
- Profits can fluctuate significantly due to commodity price volatility.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the net income (profits minus losses) reported by corporations in the mining and quarrying industries within the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in mining and quarrying profits are closely watched as indicators of commodity prices, energy supply, and overall business investment.
Q: How is this data collected or calculated?
A: The data is collected from corporate tax filings and financial statements reported to the U.S. government.
Q: How is this trend used in economic policy?
A: This indicator provides insight into the financial health and competitiveness of a key sector of the economy, informing decisions by policymakers and market analysts.
Q: Are there update delays or limitations?
A: The data is subject to typical reporting lags, with the most recent quarter's figures typically available within 3 months.
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Citation
U.S. Federal Reserve, Deficits of Mining and Quarrying Corporations for United States (A09013USA174NNBR), retrieved from FRED.