Total Revenue for Skiing Facilities, Establishments Subject to Federal Income Tax, Employer Firms
REVEF71392TAXABL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,665.00
Year-over-Year Change
61.81%
Date Range
1/1/1998 - 1/1/2022
Summary
This trend measures the total revenue generated by skiing facilities that are subject to federal income tax and operate as employer firms. It provides insight into the economic performance and demand for winter recreational activities.
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 Skiing Facilities, Establishments Subject to Federal Income Tax, Employer Firms is a key indicator of the financial health and activity within the ski resort industry. It tracks the aggregate revenue reported by ski facilities that file federal income taxes and have employees.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses.
Historical Context
This revenue trend is monitored by policymakers, industry analysts, and investors to assess the economic conditions and consumer demand in the winter tourism and recreation sector.
Key Facts
- Skiing facilities generated over $5 billion in total revenue in 2021.
- Revenue has grown by an average of 3.5% annually over the past decade.
- The ski industry supports over 200,000 direct jobs in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by skiing facilities that are subject to federal income tax and operate as employer firms.
Q: Why is this trend relevant for users or analysts?
A: This revenue trend provides insight into the economic performance and consumer demand for winter recreational activities, which is important for policymakers, industry analysts, and investors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses.
Q: How is this trend used in economic policy?
A: This trend is monitored by policymakers to assess the economic conditions and consumer demand in the winter tourism and recreation sector, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a delay of approximately two months.
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Citation
U.S. Federal Reserve, Total Revenue for Skiing Facilities, Establishments Subject to Federal Income Tax, Employer Firms (REVEF71392TAXABL), retrieved from FRED.