Total Revenue for Performing Arts, Spectator Sports, and Related Industries, Establishments Subject to Federal Income Tax
REV711TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37,722.00
Year-over-Year Change
35.76%
Date Range
1/1/2009 - 1/1/2025
Summary
This economic trend measures total revenue for performing arts, spectator sports, and related industries that are subject to federal income tax. It provides insight into the financial health and activity of this important 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 Performing Arts, Spectator Sports, and Related Industries, Establishments Subject to Federal Income Tax trend tracks quarterly revenue for businesses in the arts, entertainment, and recreation industries that file federal tax returns. This data is a key indicator of consumer demand and economic conditions in the performing arts and entertainment sectors.
Methodology
The data is collected by the U.S. Census Bureau through quarterly business surveys.
Historical Context
Policymakers and industry analysts use this trend to monitor the economic performance and outlook for the arts, entertainment, and recreation industries.
Key Facts
- This trend covers over 70,000 businesses in the performing arts, spectator sports, and related industries.
- Revenue in this sector declined sharply during the COVID-19 pandemic but has since partially recovered.
- The arts, entertainment, and recreation industries account for over 2 million jobs in the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue for businesses in the performing arts, spectator sports, and related industries that are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the financial health and consumer demand for the arts, entertainment, and recreation sectors, which are significant contributors to the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through quarterly business surveys of establishments in the relevant industries.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to monitor the economic performance and outlook for the arts, entertainment, and recreation industries, which informs decisions related to economic policy, stimulus, and support for these sectors.
Q: Are there update delays or limitations?
A: This data is released on a quarterly basis with a typical lag of 2-3 months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Total Revenue for Performing Arts, Spectator Sports, and Related Industries, Establishments Subject to Federal Income Tax (REV711TAXABL144QNSA), retrieved from FRED.