Total Revenue for Architectural Services, Establishments Subject to Federal Income Tax, Employer Firms
REVEF54131TAXABL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,413.00
Year-over-Year Change
91.49%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by architectural services establishments in the United States that are subject to federal income tax and have employees. It provides insight into the overall performance and health of the architectural services industry.
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 architectural services establishments subject to federal income tax and with employer firms is an important indicator of economic activity and demand for professional design services. It can be used to analyze trends in the construction and real estate sectors, as well as gauge broader macroeconomic conditions.
Methodology
The data is collected and published by the U.S. Census Bureau through its annual Service Annual Survey.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and real estate investors to assess the state of the architecture and construction markets.
Key Facts
- The architectural services industry generated over $50 billion in revenue in the latest year.
- Revenue has grown by over 30% in the past decade, reflecting a recovery from the Great Recession.
- The architectural services sector employs over 200,000 people in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by architectural services establishments in the U.S. that are subject to federal income tax and have employer firms.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the overall performance and health of the architectural services industry, which is closely tied to activity in the construction and real estate sectors.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau through its annual Service Annual Survey.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, industry analysts, and real estate investors to assess the state of the architecture and construction markets.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Total Revenue for Architectural Services, Establishments Subject to Federal Income Tax, Employer Firms (REVEF54131TAXABL), retrieved from FRED.