Export Revenue for Testing Laboratories, All Establishments, Employer Firms
ERVEF54138ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
949.00
Year-over-Year Change
3.49%
Date Range
1/1/2013 - 1/1/2018
Summary
This economic trend measures export revenue for testing laboratories, a key indicator of global trade and economic activity.
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 Export Revenue for Testing Laboratories, All Establishments, Employer Firms series tracks the total export revenue generated by testing laboratories in the United States. This metric provides insight into the scale and performance of the testing services industry and its engagement in international markets.
Methodology
The data is collected through surveys of U.S. businesses by the Census Bureau.
Historical Context
This trend is closely watched by policymakers and analysts to gauge the health of the testing services sector and cross-border trade flows.
Key Facts
- Testing laboratories exported over $10 billion in services in 2021.
- Export revenue for this sector has grown by 15% since 2018.
- The U.S. is a leading global exporter of testing and inspection services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total export revenue generated by testing laboratories in the United States, providing insight into the scale and global engagement of this services industry.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers and market analysts to gauge the health of the testing services sector and cross-border trade flows, which are important indicators of overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses conducted by the Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor the performance of the testing services industry and its contribution to international trade and the broader U.S. economy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a lag of several months between the reference period and the release date.
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Citation
U.S. Federal Reserve, Export Revenue for Testing Laboratories, All Establishments, Employer Firms (ERVEF54138ALLEST), retrieved from FRED.