Total Revenue for Parking Lots and Garages, Establishments Subject to Federal Income Tax, Employer Firms
This dataset tracks total revenue for parking lots and garages, establishments subject to federal income tax, 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 operated by U.S. employer firms subject to federal income tax. It provides insight into the financial performance of this 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 Parking Lots and Garages, Establishments Subject to Federal Income Tax, Employer Firms series tracks the aggregate revenue earned by parking-related businesses across the United States. This metric is used by economists and policymakers to analyze the economic health and trends within the parking industry.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
This revenue trend is relevant for assessing the overall demand for parking services and can inform decisions around urban planning, transportation policy, and infrastructure investment.
Key Facts
- The parking industry generated over $36 billion in revenue in 2021.
- Revenue has grown at an average annual rate of 3% over the past decade.
- The parking industry employs over 500,000 people in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by parking lots and garages operated by U.S. employer firms subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This revenue trend provides insight into the financial performance and economic health of the parking industry, which is relevant for urban planning, transportation policy, and infrastructure investment decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the demand for parking services and inform decisions around urban planning, transportation policy, and infrastructure investment.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Total Revenue for Parking Lots and Garages, Establishments Subject to Federal Income Tax, Employer Firms (REVEF81293TAXABL), retrieved from FRED.