Total Revenue for Environmental Consulting Services, All Establishments, Employer Firms
REVEF54162ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,680.00
Year-over-Year Change
64.73%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by environmental consulting services across all U.S. employer firms. It provides insight into the size and activity of this important 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 Environmental Consulting Services, All Establishments, Employer Firms series tracks the aggregated revenue of firms providing professional environmental services, such as environmental assessment, remediation, and management consulting. This metric offers a high-level gauge of economic conditions and demand for environmental expertise.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
This revenue trend is used by economists, policymakers, and industry analysts to monitor the health of the environmental services market and inform investment, regulatory, and sustainability decisions.
Key Facts
- Environmental consulting services generated over $47 billion in revenue in the U.S. in 2021.
- The industry has seen steady revenue growth over the past decade.
- Environmental regulations and sustainability initiatives drive demand for consulting services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue earned by U.S. firms providing environmental consulting services, such as environmental assessment, remediation, and management consulting.
Q: Why is this trend relevant for users or analysts?
A: This revenue metric offers insight into the size and activity of the environmental consulting industry, which is an important indicator of economic conditions and demand for environmental expertise.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this revenue trend to monitor the health of the environmental services market and inform investment, regulatory, and sustainability decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Total Revenue for Environmental Consulting Services, All Establishments, Employer Firms (REVEF54162ALLEST), retrieved from FRED.