Total Revenue for Golf Courses and Country Clubs, Establishments Exempt from Federal Income Tax, Employer Firms
This dataset tracks total revenue for golf courses and country clubs, establishments exempt from federal income tax, employer firms over time.
Latest Value
12762.00
Year-over-Year Change
52.62%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures total revenue for golf courses and country clubs that are exempt from federal income tax. It provides insight into the financial performance of a key leisure and hospitality 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 Golf Courses and Country Clubs, Establishments Exempt from Federal Income Tax, Employer Firms series tracks the total revenue generated by golf and country club businesses that are tax-exempt. This data is used by economists and policymakers to analyze trends in the recreation and tourism sectors.
Methodology
The data is collected through surveys of tax-exempt golf and country club establishments.
Historical Context
This trend is monitored by government agencies and industry groups to assess the economic health of the golf and recreation industry.
Key Facts
- Tax-exempt golf and country club establishments account for over $25 billion in annual revenue.
- The golf industry supports over 2 million jobs in the U.S.
- Golf is a major contributor to the U.S. recreation and tourism economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by golf courses and country clubs that are exempt from federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the financial performance and economic impact of the golf and country club industry, which is an important part of the recreation and tourism sectors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of tax-exempt golf and country club establishments.
Q: How is this trend used in economic policy?
A: Government agencies and industry groups monitor this trend to assess the health of the golf and recreation industry, which informs economic and tourism policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and updates due to the survey-based data collection process.
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Citation
U.S. Federal Reserve, Total Revenue for Golf Courses and Country Clubs, Establishments Exempt from Federal Income Tax, Employer Firms (REVEF71391TAXEPT), retrieved from FRED.