Total Revenue for Scientific Research and Development Services, Establishments Subject to Federal Income Tax
This dataset tracks total revenue for scientific research and development services, establishments subject to federal income tax over time.
Latest Value
74132.00
Year-over-Year Change
14.46%
Date Range
1/1/2007 - 1/1/2025
Summary
This economic indicator measures total revenue for U.S. establishments in the scientific research and development services industry that are subject to federal income tax. It provides insights into the financial health and growth of this critical 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 Scientific Research and Development Services, Establishments Subject to Federal Income Tax series tracks the aggregate revenue generated by private-sector firms engaged in scientific R&D activities. This metric is closely monitored by economists and policymakers to gauge the commercial viability and innovation capacity of the U.S. research ecosystem.
Methodology
The data is collected through quarterly surveys of businesses by the U.S. Census Bureau.
Historical Context
This revenue trend serves as a barometer for private-sector investment and growth in scientific research, which is a key driver of technological progress and economic competitiveness.
Key Facts
- Scientific R&D services revenue totaled $104 billion in Q4 2022.
- This sector has grown at an average annual rate of 5.2% over the past decade.
- Pharmaceutical and biotech companies account for over 60% of total R&D services revenue.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total revenue generated by U.S. establishments in the scientific research and development services industry that are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: The scientific R&D services revenue trend provides valuable insights into the commercial viability and innovation capacity of the U.S. research ecosystem, which is a key driver of technological progress and economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through quarterly surveys of businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This revenue metric is closely monitored by economists and policymakers to gauge private-sector investment and growth in scientific research, which informs decisions around funding, regulatory, and tax policies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of approximately two months.
Related News
U.S. Trade Deficit Decreases As Businesses Anticipate Tariff Hikes
U.S. Trade Deficit Reaches Two-Year Low Amid Anticipated Tariff Hikes The recent announcement that the U.S. trade deficit has reached a two-year low signals significant developments for the national economy. This change may, in part, be influenced by the anticipation of tariff hikes, which are affecting trade patterns. As this event unfolds, it has implications for the U.S. GDP, underscoring the importance of reducing the trade deficit. Trade tensions have long shaped the global economic landsc
Falling Mortgage Rates: Expert Advice for U.S. Homebuyers and Sellers
Expert Tips for Homebuyers and Sellers as Mortgage Rates Drop Mortgage rates are making headlines as they continue to decline, promising significant impacts on both homebuyers and sellers. These shifts in the real estate landscape invite a closer look at how adjustments in economic indicators, such as the federal funds rate and the 10-year treasury yield chart, are playing a part in this development. The U.S. housing market is reacting in intriguing ways, offering potential advantages for those
U.S. S&P 500 Stock Movements: Paramount and Apple Surge
Apple and Paramount Stocks Bolster the S&P 500: Analyzing Market Movements The S&P 500 recently experienced a boost thanks to significant stock movements from Apple and Paramount. As a key indicator of the U.S. stock market, the S&P 500's rise reflects broader economic dynamics. Notably, Apple's stock benefited from the recent iPhone 17 launch, while Paramount's corporate strategies have also captured investor attention. These developments underscore the interconnected nature of market trends,
U.S. Stocks Hit New Highs After Federal Reserve Meeting
S&P 500 Hits All-Time Highs Post-Federal Reserve Meeting The S&P 500 record high signifies a landmark achievement for the U.S. stock market, further amplified by recent financial developments. Following a pivotal Federal Reserve meeting, U.S. stocks hit new highs, with the S&P 500 performance, Dow Jones reaching new records, and Nasdaq soaring to a peak, collectively illustrating a robust market outlook. This surge reflects strong investor sentiment, with the Fed's policy announcements acting a
U.S. Treasury Yields Rise After Fed Rate Cut Analysis
Treasury Yields Surge: A Curious Twist in Monetary Policy Amid a surprising financial twist, the current 10 year treasury rate is on the rise even as the Federal Reserve cuts interest rates. This unexpected development has economists scratching their heads, as typically, a cut in the Federal funds rate leads to lower yields. Treasury yields represent the interest rate the government pays bondholders, functioning as a vital signpost for the health of the economy. Generally perceived as one of th
US economic growth slows amid rising inflation concerns
US Economic Growth Slows Amid Inflation and Rising Interest Rates The US economy, a crucial indicator of its global standing, is facing a slow growth trajectory. Recent data suggest that inflationary pressures and rising interest rates are the chief culprits in this deceleration. With the Consumer Price Index reflecting heightened inflation and the Federal Reserve adjusting interest rates, the interplay of these factors raises significant concerns for economic stability. These developments furt
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, Total Revenue for Scientific Research and Development Services, Establishments Subject to Federal Income Tax (REV5417TAXABL144QNSA), retrieved from FRED.