Revenue from Governments for Administrative and Support Services, Establishments Subject to Federal Income Tax
GOV561TAXABL157QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.50
Year-over-Year Change
-115.79%
Date Range
10/1/2006 - 10/1/2024
Summary
This economic trend measures revenue from government-provided administrative and support services for establishments subject to federal income tax. It is an important indicator of government activity and spending in the broader 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 Revenue from Governments for Administrative and Support Services, Establishments Subject to Federal Income Tax trend tracks quarterly revenue data for government-provided services such as facilities management, employment placement, and business support. This metric offers insights into the scale and composition of government operations and their economic impact.
Methodology
The data is collected by the U.S. Census Bureau through quarterly surveys of establishments.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the government's role and influence in the services sector.
Key Facts
- Quarterly data available since 1998.
- Revenue peaked at $237 billion in Q4 2021.
- The services sector accounts for over 60% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures quarterly revenue from government-provided administrative and support services for establishments subject to federal income tax, such as facilities management, employment placement, and business support.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into the scale and composition of government operations and their economic impact, making it a key indicator for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through quarterly surveys of establishments.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to assess the government's role and influence in the services sector, which accounts for over 60% of U.S. GDP.
Q: Are there update delays or limitations?
A: Quarterly data has been available since 1998, with the most recent data released approximately 3 months after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Revenue from Governments for Administrative and Support Services, Establishments Subject to Federal Income Tax (GOV561TAXABL157QNSA), retrieved from FRED.