Revenue from Governments for Other Professional, Scientific, and Technical Services, Establishments Subject to Federal Income Tax
GOV5419TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,819.00
Year-over-Year Change
142.21%
Date Range
7/1/2012 - 1/1/2017
Summary
This trend measures revenue from governments for other professional, scientific, and technical services provided by establishments subject to federal income tax. It is an important indicator of economic activity and government spending in this sector.
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 Other Professional, Scientific, and Technical Services, Establishments Subject to Federal Income Tax trend tracks income received by private firms for providing specialized services to government agencies. This data point helps economists and policymakers assess the scale and growth of government-funded professional services.
Methodology
The data is collected through surveys of businesses by the U.S. Census Bureau.
Historical Context
This metric informs analysis of government contracting and public-private partnerships in the professional services industry.
Key Facts
- Measured quarterly since 1998.
- Covers diverse services like legal, accounting, engineering, and R&D.
- Reflects government demand for private-sector expertise.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue received by private establishments for providing professional, scientific, and technical services to government agencies and entities.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for understanding the scope of government contracting and public-private collaboration in the professional services sector, which has implications for economic growth and policy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This indicator informs analysis of government spending patterns and the role of the private sector in providing specialized services to public institutions and agencies.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Revenue from Governments for Other Professional, Scientific, and Technical Services, Establishments Subject to Federal Income Tax (GOV5419TAXABL144QNSA), retrieved from FRED.