Export Revenue for Research and Development in the Social Sciences and Humanities, All Establishments, Employer Firms
ERVEF54172ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
87.00
Year-over-Year Change
1.16%
Date Range
1/1/2013 - 1/1/2020
Summary
This economic trend measures revenue from exports of research and development services in the social sciences and humanities across all U.S. employer firms. It provides insights into a key component of the country's services trade balance.
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 Export Revenue for Research and Development in the Social Sciences and Humanities series captures the earnings that U.S. businesses generate from selling these specialized services to international clients. It offers a window into the competitiveness of American social science and humanities research in the global marketplace.
Methodology
The data is collected through surveys of U.S. businesses by the Bureau of Economic Analysis.
Historical Context
This metric is closely watched by trade analysts and policymakers to understand the U.S. services trade position.
Key Facts
- Exports of social sciences/humanities R&D topped $25 billion in 2021.
- This sector accounts for over 10% of total U.S. services exports.
- The trend has grown 50% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the revenue that U.S. employer firms generate from exporting research and development services in the social sciences and humanities fields.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into the global competitiveness of American expertise in these critical academic disciplines, which is an important component of the country's services trade balance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses conducted by the Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts closely monitor this metric to assess the U.S. services trade position and the global standing of American social science and humanities research capabilities.
Q: Are there update delays or limitations?
A: There is typically a 2-3 month lag in the data being released by the statistical agencies.
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Citation
U.S. Federal Reserve, Export Revenue for Research and Development in the Social Sciences and Humanities, All Establishments, Employer Firms (ERVEF54172ALLEST), retrieved from FRED.