Sectoral Output for Arts, Entertainment, and Recreation: Golf Courses and Country Clubs (NAICS 71391) in the United States
IPUSN71391T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,564.69
Year-over-Year Change
58.86%
Date Range
1/1/2002 - 1/1/2022
Summary
This economic trend measures the output of the golf courses and country clubs sector within the broader arts, entertainment, and recreation industry in the United States. It provides valuable insights into the health and performance of this important leisure and hospitality subsector.
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 Sectoral Output for Arts, Entertainment, and Recreation: Golf Courses and Country Clubs (NAICS 71391) in the United States tracks the industrial production of this specific economic activity. It is a key indicator used by economists and policymakers to assess the strength and trends within the broader recreation and tourism-related industries.
Methodology
This data is collected and calculated by the U.S. Federal Reserve as part of its comprehensive industrial production indices.
Historical Context
Monitoring this sectoral output helps inform economic and policy decisions related to the recreation, tourism, and leisure sectors.
Key Facts
- Golf courses and country clubs are a $33 billion industry in the U.S.
- This sector employs over 380,000 workers nationwide.
- The industry has seen steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the industrial production output of the golf courses and country clubs sector, which is part of the broader arts, entertainment, and recreation industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and performance of an important leisure and hospitality subsector, helping to inform economic and policy decisions related to the recreation, tourism, and leisure industries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve as part of its comprehensive industrial production indices.
Q: How is this trend used in economic policy?
A: Monitoring this sectoral output helps inform economic and policy decisions related to the recreation, tourism, and leisure sectors.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, but may be subject to revisions and updates depending on the data collection and reporting processes.
Related Trends
Hours Worked for Arts, Entertainment, and Recreation: Bowling Centers (NAICS 713950) in the United States
IPUSN713950L010000000
Employment for Arts, Entertainment, and Recreation: Amusements, Gambling, and Recreation (NAICS 713) in the United States
IPUSN713W010000000
Employment for Arts, Entertainment, and Recreation: Golf Courses and Country Clubs (NAICS 713910) in the United States
IPUSN713910W200000000
Labor Productivity for Arts, Entertainment, and Recreation: Fitness and Recreational Sports Centers (NAICS 71394) in the United States
IPUSN71394L000000000
Employment for Arts, Entertainment, and Recreation: Golf Courses and Country Clubs (NAICS 71391) in the United States
IPUSN71391W201000000
Labor Compensation for Arts, Entertainment, and Recreation: Golf Courses and Country Clubs (NAICS 713910) in the United States
IPUSN713910L020000000
Citation
U.S. Federal Reserve, Sectoral Output for Arts, Entertainment, and Recreation: Golf Courses and Country Clubs (NAICS 71391) in the United States (IPUSN71391T300000000), retrieved from FRED.