Total Revenue for Air Transportation, All Establishments, Employer and Nonemployer Firms
REVENF481ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
256,989.00
Year-over-Year Change
71.75%
Date Range
1/1/2009 - 1/1/2022
Summary
This economic trend measures the total revenue generated by the air transportation industry, including both employer and nonemployer firms. It provides a comprehensive view of the financial health and performance of the air transportation 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 Total Revenue for Air Transportation, All Establishments, Employer and Nonemployer Firms metric tracks the aggregated revenue across all air transportation businesses, including airlines, airports, and related services. It is a key indicator of economic activity and demand in the aviation industry.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of businesses in the air transportation sector.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and investors to assess the overall state of the air transportation market and inform economic decision-making.
Key Facts
- The air transportation industry generated over $240 billion in revenue in 2021.
- Revenue in the air transportation sector declined by 40% in 2020 due to the COVID-19 pandemic.
- The air transportation industry accounts for over 5% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by the air transportation industry, including both employer and nonemployer firms. It provides a comprehensive view of the financial performance of the aviation sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of economic activity and demand in the air transportation industry, making it relevant for policymakers, industry analysts, and investors to assess the overall state of the market and inform decision-making.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of businesses in the air transportation sector.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to assess the health of the air transportation industry and inform economic policies and initiatives related to the aviation sector.
Q: Are there update delays or limitations?
A: The data is subject to typical update delays associated with government economic surveys, but it provides a comprehensive view of the air transportation industry's financial performance.
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Citation
U.S. Federal Reserve, Total Revenue for Air Transportation, All Establishments, Employer and Nonemployer Firms (REVENF481ALLEST), retrieved from FRED.