Total Revenue for Veterinary Services, Establishments Subject to Federal Income Tax, Employer Firms
This dataset tracks total revenue for veterinary services, establishments subject to federal income tax, employer firms over time.
Latest Value
59182.00
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 that are subject to federal income tax and have employees. It provides insight into the financial performance and overall activity 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, Establishments Subject to Federal Income Tax, Employer Firms series tracks the aggregate revenue reported by veterinary services businesses that file federal income taxes and have a paid workforce. This metric is used by economists and policymakers to monitor the economic health and growth of the veterinary services sector.
Methodology
The data is collected through surveys of businesses by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding the demand for veterinary services and the overall veterinary care market.
Key Facts
- Veterinary services are a $30+ billion industry in the U.S.
- The veterinary services sector employs over 275,000 people.
- Revenue growth in this industry has outpaced overall GDP in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by veterinary services establishments that are subject to federal income tax and have employees.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial performance and overall activity of the veterinary services industry, which is an important component of the broader healthcare sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the demand for veterinary services and the overall veterinary care market, which is of interest to policymakers and industry analysts.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, as the information is collected through business surveys.
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Citation
U.S. Federal Reserve, Total Revenue for Veterinary Services, Establishments Subject to Federal Income Tax, Employer Firms (REVEF54194TAXABL), retrieved from FRED.