Total Revenue for Finance and Insurance, Establishments Subject to Federal Income Tax
This dataset tracks total revenue for finance and insurance, establishments subject to federal income tax over time.
Latest Value
1791067.00
Year-over-Year Change
32.26%
Date Range
7/1/2009 - 1/1/2025
Summary
This economic indicator tracks total revenue for finance and insurance establishments subject to federal income tax. It provides insight into the financial health and performance of a key sector of the U.S. 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 Total Revenue for Finance and Insurance, Establishments Subject to Federal Income Tax series measures the total operating revenue, including interest, fees, and commissions, for finance and insurance companies that file federal income tax returns. This metric is closely watched by economists and policymakers as a gauge of economic activity and financial market conditions.
Methodology
The data is collected and reported quarterly by the U.S. Internal Revenue Service.
Historical Context
This economic indicator is used to analyze trends in the finance and insurance industry and assess the broader state of the U.S. economy.
Key Facts
- This indicator covers over 1 million finance and insurance companies.
- Total revenue in this sector reached a record high of $2.7 trillion in Q4 2021.
- The finance and insurance industry accounts for over 7% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total revenue, including interest, fees, and commissions, for finance and insurance companies that file federal income tax returns in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the financial health and performance of a key sector of the U.S. economy, and is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Internal Revenue Service.
Q: How is this trend used in economic policy?
A: This indicator is used to analyze trends in the finance and insurance industry and assess the broader state of the U.S. economy, informing economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical lag of 2-3 months after the end of the reporting period.
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Citation
U.S. Federal Reserve, Total Revenue for Finance and Insurance, Establishments Subject to Federal Income Tax (REV52TAXABL144QNSA), retrieved from FRED.