Revenue from Governments for Computer Systems Design and Related Services, Establishments Subject to Federal Income Tax
GOV5415TAXABL157QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.80
Year-over-Year Change
-700.00%
Date Range
1/1/2004 - 1/1/2025
Summary
This economic trend measures revenue from governments for computer systems design and related services by establishments subject to federal income tax. It provides insights into government spending on IT and technology services.
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 Revenue from Governments for Computer Systems Design and Related Services, Establishments Subject to Federal Income Tax trend tracks the quarterly revenue earned by companies in this industry from government clients. This metric is used by economists and policymakers to analyze government technology procurement and investment patterns.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This trend offers insights into government spending on information technology and computer services, which is an important component of overall economic activity.
Key Facts
- Quarterly data series started in 2005.
- Reached a record high of $28.5 billion in Q4 2021.
- Experienced a dip during the COVID-19 pandemic in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly revenue earned by computer systems design and related services establishments from government clients subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into government spending on information technology and computer services, which is an important component of overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze government technology procurement and investment patterns, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported quarterly, and there may be some delays in availability due to the data collection process.
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Citation
U.S. Federal Reserve, Revenue from Governments for Computer Systems Design and Related Services, Establishments Subject to Federal Income Tax (GOV5415TAXABL157QNSA), retrieved from FRED.