Total Revenue for Arts, Entertainment, and Recreation, Establishments Exempt from Federal Income Tax, Employer Firms
This dataset tracks total revenue for arts, entertainment, and recreation, establishments exempt from federal income tax, employer firms over time.
Latest Value
58434.00
Year-over-Year Change
52.38%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures total revenue for arts, entertainment, and recreation establishments that are exempt from federal income tax. It provides insights into the financial performance of this critical sector of the U.S. economy.
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 arts, entertainment, and recreation establishments exempt from federal income tax is an important indicator of economic activity and consumer demand in the creative industries. It is closely monitored by economists, policymakers, and industry analysts to assess the financial health and growth potential of this segment.
Methodology
The data is collected by the U.S. Census Bureau through surveys of employer firms in this sector.
Historical Context
This trend is used to inform economic and tax policy decisions that impact the arts, entertainment, and recreation industry.
Key Facts
- The arts, entertainment, and recreation industry accounts for over 2 million U.S. jobs.
- Tax-exempt establishments make up a significant portion of this sector's economic activity.
- Revenue trends in this industry are closely tied to consumer discretionary spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by arts, entertainment, and recreation establishments that are exempt from federal income tax. It provides insights into the financial performance of this critical sector of the U.S. economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of economic activity and consumer demand in the creative industries. It is closely monitored by economists, policymakers, and industry analysts to assess the financial health and growth potential of this segment.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of employer firms in the arts, entertainment, and recreation industry.
Q: How is this trend used in economic policy?
A: This trend is used to inform economic and tax policy decisions that impact the arts, entertainment, and recreation industry, as it provides insights into the financial performance and growth of this critical sector.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in capturing the full scope of economic activity in this diverse industry.
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Citation
U.S. Federal Reserve, Total Revenue for Arts, Entertainment, and Recreation, Establishments Exempt from Federal Income Tax, Employer Firms (REVEF71TAXEPT), retrieved from FRED.