Total Revenue for Convention and Trade Show Organizers, All Establishments, Employer Firms
This dataset tracks total revenue for convention and trade show organizers, all establishments, employer firms over time.
Latest Value
17175.00
Year-over-Year Change
71.48%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by convention and trade show organizers across all U.S. employer firms. It provides insights into the health and activity of the events industry, a key indicator of economic conditions.
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 convention and trade show organizers represents the sales and receipts of establishments primarily engaged in organizing and promoting conventions and trade shows. This data point is widely used by economists and policymakers to gauge the state of the events and hospitality sectors.
Methodology
The data is collected through the U.S. Census Bureau's annual survey of employer businesses.
Historical Context
This metric is closely watched by government agencies, industry groups, and financial analysts to assess consumer and business spending patterns.
Key Facts
- This data dates back to 1998.
- Revenue peaked in 2019 before declining during the COVID-19 pandemic.
- The events industry accounts for over $1 trillion in annual economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by convention and trade show organizers across all U.S. employer firms. It provides insights into the health and activity of the events industry.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by government agencies, industry groups, and financial analysts to assess consumer and business spending patterns, as the events industry is a key driver of economic activity.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Census Bureau's annual survey of employer businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to gauge the state of the events and hospitality sectors, which are important indicators of overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Total Revenue for Convention and Trade Show Organizers, All Establishments, Employer Firms (REVEF56192ALLEST), retrieved from FRED.