Total Revenue for Offices of Certified Public Accountants, All Establishments, Employer Firms
This dataset tracks total revenue for offices of certified public accountants, all establishments, employer firms over time.
Latest Value
132248.00
Year-over-Year Change
92.50%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by offices of certified public accountants (CPAs) across all establishments and employer firms in the United States. It provides insights into the financial health and demand for CPA services within the broader 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 offices of CPAs is a key economic indicator that reflects the overall activity and financial performance of the accounting industry. It is used by economists, policymakers, and industry analysts to assess trends in professional service demand, business investment, and broader economic conditions.
Methodology
The data is collected through surveys of CPA firms and establishments by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by regulators, investors, and industry groups to gauge the financial health and growth prospects of the accounting sector.
Key Facts
- CPA firms generate over $200 billion in annual revenue.
- The accounting industry employs over 1 million workers in the U.S.
- Revenue growth in the CPA sector is closely tied to broader economic trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by offices of certified public accountants (CPAs) across all establishments and employer firms in the United States.
Q: Why is this trend relevant for users or analysts?
A: The total revenue for offices of CPAs is a key indicator of the financial health and demand for professional accounting services, which provides insights into broader economic conditions and business investment trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of CPA firms and establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by regulators, investors, and industry groups to gauge the financial health and growth prospects of the accounting sector, which has implications for broader economic policy and market decisions.
Q: Are there update delays or limitations?
A: There may be delays of several months in the release of this data by the Census Bureau, and the figures may be subject to periodic revisions.
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Citation
U.S. Federal Reserve, Total Revenue for Offices of Certified Public Accountants, All Establishments, Employer Firms (REVEF541211ALLEST), retrieved from FRED.