Expenses for Veterinary Services, All Establishments, Employer Firms
VSEAEEF354194 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,374.00
Year-over-Year Change
102.32%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the expenses for veterinary services at all U.S. employer establishments. It provides insights into the costs and utilization of veterinary care, which is a key indicator of consumer spending and animal health.
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 Expenses for Veterinary Services trend tracks the dollar value of expenditures on veterinary services across the United States. It is an important metric for understanding consumer behavior, as veterinary expenses represent a discretionary component of household budgets.
Methodology
The data is collected through surveys of U.S. businesses and establishments.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and economists to gauge consumer demand and the overall health of the veterinary services sector.
Key Facts
- Veterinary services account for about 0.5% of total U.S. consumer spending.
- Expenses for veterinary services have grown by over 30% in the past decade.
- The veterinary services industry employs over 300,000 workers in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of expenses for veterinary services at all U.S. employer establishments, providing insight into consumer spending on animal healthcare.
Q: Why is this trend relevant for users or analysts?
A: Veterinary services spending is an important indicator of consumer behavior and the overall health of the animal care industry, which is closely watched by policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and establishments by government statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to gauge consumer demand, assess the broader services sector, and understand trends in animal health and spending.
Q: Are there update delays or limitations?
A: This data is published on a regular schedule with minimal delays, though it may not capture all veterinary spending, as it only includes employer establishments.
Related Trends
TSSOS Current General Business Activity; Diffusion Index for Texas
TSSOSBACTSAMFRBDAL
Depreciation and Amortization Charges for Architectural, Engineering, and Related Services, All Establishments, Employer Firms
EXPDACEF5413ALLEST
Revenue From Health Care Providers for Non-Patient Care (Includes Revenue From Medical Administration and Other Administrative Services, Incentive Payments, Management Fees, Medical Director Fees, Etc.) for Offices of Physicians, All Establishments, Employer Firms
OOPRFHCPFNC416211
Revenue from Businesses for Professional, Scientific, and Technical Services, Establishments Subject to Federal Income Tax
BUS54TAXABL144QNSA
Depreciation and Amortization Charges for Outpatient Care Centers, All Establishments, Employer Firms
EXPDACEF6214ALLEST
Expenses for Pipeline Transportation of Natural Gas, All Establishments, Employer Firms
PTONGEAEEF34862
Citation
U.S. Federal Reserve, Expenses for Veterinary Services, All Establishments, Employer Firms (VSEAEEF354194), retrieved from FRED.