Total Revenue for Independent Artists, Writers, and Performers, All Establishments, Employer Firms
This dataset tracks total revenue for independent artists, writers, and performers, all establishments, employer firms over time.
Latest Value
31755.00
Year-over-Year Change
139.84%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by independent artists, writers, and performers across all employer firms in the United States. It provides insight into the financial state and economic contribution of this creative 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 Independent Artists, Writers, and Performers, All Establishments, Employer Firms series tracks the aggregated sales and receipts of businesses in this sector. It is used by economists and policymakers to analyze the overall health and trends within the creative arts and entertainment industry.
Methodology
The data is collected through surveys of employer firms by the U.S. Census Bureau.
Historical Context
This metric helps inform economic and cultural policy decisions related to the arts and entertainment sector.
Key Facts
- This sector generated over $31 billion in revenue in 2021.
- Independent artist, writer, and performer employment has grown by 18% since 2016.
- The creative arts industry accounts for over 4% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue earned by independent artists, writers, and performers across all employer firms in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial health and economic contribution of the creative arts and entertainment industry, which is important for policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employer firms by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend helps inform economic and cultural policy decisions related to the arts and entertainment sector, such as funding, regulation, and support programs.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the end of the reference period and the data release, and the data may not capture all independent artists, writers, and performers, especially those without formal employer firms.
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Citation
U.S. Federal Reserve, Total Revenue for Independent Artists, Writers, and Performers, All Establishments, Employer Firms (REVEF7115ALLEST), retrieved from FRED.