Revenue for RV (Recreational Vehicle) Parks and Recreational Camps, Establishments Subject To Federal Income Tax, Employer Firms
RVPARCREST27212 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,599.00
Year-over-Year Change
73.68%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures revenue for RV (Recreational Vehicle) parks and recreational camps that are subject to federal income tax and operate as employer firms. It provides insight into the financial performance and economic activity of this important tourism and hospitality sector.
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 Revenue for RV Parks and Recreational Camps metric tracks the total operating revenue generated by establishments in this industry. It is a key indicator of demand and financial health within the outdoor recreation and leisure travel markets.
Methodology
The data is collected through surveys by the U.S. Census Bureau as part of the Annual Business Survey.
Historical Context
This metric is closely watched by policymakers, investors, and industry analysts to assess the state of the RV and camping sectors and their contribution to the broader economy.
Key Facts
- RV parks and recreational camps generated over $18 billion in revenue in 2021.
- This industry employs over 150,000 people in the United States.
- Revenues have grown by over 30% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total operating revenue generated by RV parks and recreational camps that are subject to federal income tax and operate as employer firms.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the financial performance and economic activity of the outdoor recreation and leisure travel sectors, which are important contributors to the overall economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys by the U.S. Census Bureau as part of the Annual Business Survey.
Q: How is this trend used in economic policy?
A: This metric is closely watched by policymakers, investors, and industry analysts to assess the state of the RV and camping sectors and their contribution to the broader economy.
Q: Are there update delays or limitations?
A: There can be a several month delay in the release of this data due to the survey collection and processing timeline.
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Citation
U.S. Federal Reserve, Revenue for RV (Recreational Vehicle) Parks and Recreational Camps, Establishments Subject To Federal Income Tax, Employer Firms (RVPARCREST27212), retrieved from FRED.