Revenue from Households for Data Processing, Hosting, and Related Services, Establishments Subject to Federal Income Tax
This dataset tracks revenue from households for data processing, hosting, and related services, establishments subject to federal income tax over time.
Latest Value
1735.00
Year-over-Year Change
75.08%
Date Range
10/1/2003 - 4/1/2022
Summary
This economic trend measures revenue from households for data processing, hosting, and related services provided by establishments subject to federal income tax. It is an important indicator of household demand for digital 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 Households for Data Processing, Hosting, and Related Services, Establishments Subject to Federal Income Tax trend provides insights into the revenue generated by businesses in this sector from household consumers. It is a valuable metric for analyzing consumer behavior and the health of the digital services industry.
Methodology
The data is collected and calculated by the U.S. Census Bureau through quarterly surveys of businesses.
Historical Context
This trend is closely watched by policymakers and industry analysts to gauge household spending on digital services and the overall performance of the sector.
Key Facts
- Measured in billions of dollars.
- Quarterly data available since 2005.
- Reached a record high in Q4 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue generated by businesses providing data processing, hosting, and related digital services to household consumers in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into household demand for digital services, which is an important indicator of consumer behavior and the health of the technology and service sectors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through quarterly surveys of businesses.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor this trend to gauge household spending on digital services and the overall performance of the sector, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Revenue from Households for Data Processing, Hosting, and Related Services, Establishments Subject to Federal Income Tax (HHD518TAXABL144QNSA), retrieved from FRED.