Total Revenue for Veterinary Services, All Establishments, Employer Firms
REVEF54194ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,182.00
Year-over-Year Change
118.93%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the total revenue generated by veterinary services establishments in the United States. It provides insights into the overall size and performance of the veterinary 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 veterinary services is an important economic indicator that reflects the demand for pet care, veterinary procedures, and related services. This data is used by policymakers, industry analysts, and businesses to assess the health and growth of the veterinary services sector.
Methodology
The data is collected through surveys of U.S. establishments providing veterinary services.
Historical Context
Trends in veterinary services revenue can inform decisions around healthcare, consumer spending, and economic policy.
Key Facts
- Veterinary services revenue totaled $73.9 billion in 2021.
- The industry has experienced steady growth over the past decade.
- Companion animal care accounts for the majority of veterinary services revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by veterinary services establishments in the United States, including revenue from companion animal care, livestock care, and other veterinary procedures.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the overall size and performance of the veterinary services industry, which is an important part of the healthcare and consumer services sectors. It can inform decisions around healthcare spending, consumer trends, and economic policy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. establishments providing veterinary services.
Q: How is this trend used in economic policy?
A: Trends in veterinary services revenue can inform policymakers' decisions around healthcare, consumer spending, and economic policy, as the veterinary industry is a significant part of the services sector.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, and there may be some delays in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, Total Revenue for Veterinary Services, All Establishments, Employer Firms (REVEF54194ALLEST), retrieved from FRED.