Total Revenue for Photography Studios, Portrait, Establishments Subject to Federal Income Tax, Employer Firms
REVEF541921TAXABL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,762.00
Year-over-Year Change
13.92%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by photography studios and portrait establishments subject to federal income tax and with at least one employee. It provides insights into the financial performance and economic activity within this 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 Photography Studios, Portrait, Establishments Subject to Federal Income Tax, Employer Firms metric tracks the aggregate revenue generated by businesses in the photography and portrait studio industry that have employees and are required to pay federal income tax. This data is a key indicator of the industry's overall economic health and can inform investment, policy, and strategic decisions.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of businesses in the relevant North American Industry Classification System (NAICS) code.
Historical Context
This trend is used by economists, policymakers, and industry analysts to monitor the performance and trends within the photography and portrait studio sector.
Key Facts
- The data is reported on an annual basis.
- The industry encompasses businesses that provide still, video, and digital photography and portrait services.
- Total revenue for this sector was $10.3 billion in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by photography studios and portrait establishments that are subject to federal income tax and have at least one employee.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial performance and economic activity within the photography and portrait studio industry, which is useful for investors, policymakers, and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of businesses in the relevant North American Industry Classification System (NAICS) code.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and industry analysts to monitor the performance and trends within the photography and portrait studio sector, which can inform investment, policy, and strategic decisions.
Q: Are there update delays or limitations?
A: The data is reported on an annual basis, so there may be a delay in the most recent information being available.
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Citation
U.S. Federal Reserve, Total Revenue for Photography Studios, Portrait, Establishments Subject to Federal Income Tax, Employer Firms (REVEF541921TAXABL), retrieved from FRED.