Total Revenue for Arts, Entertainment, and Recreation, Establishments Subject to Federal Income Tax
REV71TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82,758.00
Year-over-Year Change
35.62%
Date Range
1/1/2009 - 1/1/2025
Summary
This trend measures total revenue for arts, entertainment, and recreation establishments that are subject to federal income tax. It provides insight into the financial health and economic performance of this industry 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 arts, entertainment, and recreation establishments is an important economic indicator that reflects consumer spending, business investment, and broader economic conditions. It is used by economists, policymakers, and industry analysts to assess trends and make informed decisions.
Methodology
The data is collected through surveys of businesses in the arts, entertainment, and recreation industry and aggregated by the U.S. Federal Reserve.
Historical Context
This trend is closely watched by policymakers and industry stakeholders to understand the economic impact of the arts and entertainment sector.
Key Facts
- This trend has been tracked since 1981.
- The arts, entertainment, and recreation sector accounts for over $800 billion in annual revenue.
- Revenue in this sector is highly sensitive to economic conditions and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by arts, entertainment, and recreation establishments that are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the financial health and economic performance of the arts, entertainment, and recreation industry, which is an important sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the arts, entertainment, and recreation industry and aggregated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and industry stakeholders closely monitor this trend to understand the economic impact of the arts and entertainment sector and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short delay, and may not capture all revenue sources or small businesses in the industry.
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Citation
U.S. Federal Reserve, Total Revenue for Arts, Entertainment, and Recreation, Establishments Subject to Federal Income Tax (REV71TAXABL144QNSA), retrieved from FRED.