Total Revenue for Offices of Dentists, All Establishments, Employer Firms
REVEF6212ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
157,906.00
Year-over-Year Change
55.86%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures total revenue for offices of dentists, including all employer establishments. It provides insight into the financial performance and economic activity of the dental 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 Offices of Dentists, All Establishments, Employer Firms series tracks the total revenue generated by dental practices and clinics across the United States. This metric is used by economists and policymakers to assess the overall health and growth of the dental services sector.
Methodology
The data is collected through surveys of dental practices and clinics by the U.S. Census Bureau.
Historical Context
This revenue trend is relevant for understanding consumer demand, business investment, and labor market conditions in the dental industry.
Key Facts
- Dental offices generate over $150 billion in annual revenue.
- Revenue growth in the dental industry typically tracks with broader economic conditions.
- The dental services sector employs over 1 million workers in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by offices of dentists, including all employer establishments across the United States.
Q: Why is this trend relevant for users or analysts?
A: This revenue metric provides insight into the financial performance and economic activity of the dental industry, which is an important component of the healthcare sector and broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of dental practices and clinics conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this revenue trend to assess consumer demand, business investment, and labor market conditions in the dental services industry.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of several months, so it may not reflect the most current economic conditions.
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Citation
U.S. Federal Reserve, Total Revenue for Offices of Dentists, All Establishments, Employer Firms (REVEF6212ALLEST), retrieved from FRED.