Total Revenue for Data Processing, Hosting, and Related Services, Establishments Subject to Federal Income Tax
This dataset tracks total revenue for data processing, hosting, and related services, establishments subject to federal income tax over time.
Latest Value
98361.00
Year-over-Year Change
33.92%
Date Range
10/1/2003 - 1/1/2025
Summary
This economic trend measures total revenue for establishments providing data processing, hosting, and related services that are subject to federal income tax. It serves as an important indicator of activity and growth in the information technology 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 Total Revenue for Data Processing, Hosting, and Related Services, Establishments Subject to Federal Income Tax series tracks quarterly revenue generated by businesses in this industry, which includes cloud computing, data storage, and other IT services. It provides insights into the overall health and expansion of the technology services market.
Methodology
The data is collected through quarterly surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and investors to gauge investment and growth in the technology services industry.
Key Facts
- This series began in 1998 and is reported quarterly.
- The data processing and hosting industry accounts for over $400 billion in annual revenue.
- Revenue in this sector has grown by over 50% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by U.S. businesses providing data processing, hosting, and related information technology services that are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the growth and health of the technology services industry, which is a key driver of the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through quarterly surveys of U.S. businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this trend to gauge investment, employment, and growth in the technology services sector.
Q: Are there update delays or limitations?
A: This data is reported on a quarterly basis, with a short lag between the end of the quarter and the release of the latest figures.
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Citation
U.S. Federal Reserve, Total Revenue for Data Processing, Hosting, and Related Services, Establishments Subject to Federal Income Tax (REV518TAXABL144QNSA), retrieved from FRED.