Total Revenue for Environmental Consulting Services, Establishments Subject to Federal Income Tax, Employer Firms
REVEF54162TAXABL • 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 establishments subject to federal income tax. It provides insight into the financial performance and market size of this specialized service 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 Environmental Consulting Services, Establishments Subject to Federal Income Tax, Employer Firms series tracks the aggregate revenue collected by businesses that provide environmental consulting and related services. This metric is used by economists and policymakers to assess the health and growth of the environmental services sector.
Methodology
The data is collected through surveys of U.S. businesses and compiled by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding economic conditions and demand in the environmental consulting services industry, which is influenced by government regulations, corporate sustainability initiatives, and broader macroeconomic factors.
Key Facts
- Environmental consulting services revenue totaled $59.1 billion in 2020.
- The industry experienced a 2.5% annual growth rate from 2015 to 2020.
- Demand for environmental services is driven by compliance with environmental regulations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by U.S. businesses providing environmental consulting and related services, including those subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial performance and market size of the environmental consulting services industry, which is a key indicator of economic activity and demand for sustainability-related expertise.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor the health and growth of the environmental services sector, which is influenced by government regulations, corporate sustainability initiatives, and broader macroeconomic factors.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, 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 Environmental Consulting Services, Establishments Subject to Federal Income Tax, Employer Firms (REVEF54162TAXABL), retrieved from FRED.