Total Revenue for Parking Lots and Garages, All Establishments, Employer Firms
This dataset tracks total revenue for parking lots and garages, all establishments, employer firms over time.
Latest Value
11295.00
Year-over-Year Change
51.43%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by parking lots and garages across all U.S. employer firms. It provides insight into the financial health and activity of the parking industry, which is an important indicator of consumer and business behavior.
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 Parking Lots and Garages, All Establishments, Employer Firms series tracks the aggregated sales and receipts of parking-related services provided by U.S. businesses. This metric is useful for analyzing trends in transportation, commercial real estate, and consumer spending patterns.
Methodology
The data is collected through surveys of U.S. employer firms by the Census Bureau.
Historical Context
Economists and policymakers monitor this trend to understand broader economic conditions and assess the impact of factors like urban development, commuting habits, and consumer confidence.
Key Facts
- Parking revenue is a leading indicator of economic activity.
- The U.S. parking industry generates over $30 billion in annual revenue.
- Parking revenue has fluctuated significantly during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by parking lots and garages across all U.S. employer firms.
Q: Why is this trend relevant for users or analysts?
A: Parking revenue is an important indicator of consumer and business activity, providing insights into transportation, commercial real estate, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. employer firms by the Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to understand broader economic conditions and assess the impact of factors like urban development, commuting habits, and consumer confidence.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have lags due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Total Revenue for Parking Lots and Garages, All Establishments, Employer Firms (REVEF81293ALLEST), retrieved from FRED.