Total Revenue for General Medical and Surgical Hospitals, Establishments Exempt from Federal Income Tax
Percent Change
REV6221TAXEPT157QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.30
Year-over-Year Change
-129.55%
Date Range
10/1/2012 - 1/1/2025
Summary
The Percent Change trend measures the quarterly percent change in revenue from taxes and other nontax receipts collected by the U.S. federal government. This metric is important for economists and policymakers to assess the health of government finances and the broader economy.
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 Percent Change series tracks the quarter-over-quarter percent change in total federal government revenue, including both tax receipts and other nontax sources of income. This data provides insight into the government's fiscal position and revenue-generating capacity, which is crucial for policy analysis and economic forecasting.
Methodology
The U.S. Bureau of Economic Analysis collects and calculates this data as part of the National Income and Product Accounts.
Historical Context
Analysts and policymakers use this trend to evaluate the government's fiscal policy and the broader economic climate.
Key Facts
- The data is reported on a quarterly basis.
- Percent Change reached a low of -26.7% in Q2 2020 due to the COVID-19 pandemic.
- Positive values indicate an expansion in government revenue.
FAQs
Q: What does this economic trend measure?
A: The Percent Change trend measures the quarterly percent change in total revenue collected by the U.S. federal government, including both tax receipts and other nontax sources of income.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the government's fiscal position and revenue-generating capacity, which is crucial for economic analysis, policy evaluation, and forecasting.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects and calculates this data as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use the Percent Change trend to evaluate the government's fiscal policy and the broader economic climate.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a typical delay of several weeks after the end of the quarter.
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Citation
U.S. Federal Reserve, Percent Change (REV6221TAXEPT157QNSA), retrieved from FRED.