Gross Domestic Product: Arts, Entertainment, and Recreation (71) in Florida
Annual, Not Seasonally Adjusted
FLARTENTRECNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,003.90
Year-over-Year Change
101.23%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted trend measures the total revenue generated by the U.S. rental and leasing services industry. It provides insight into the overall health and activity of this important economic 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 Annual, Not Seasonally Adjusted trend represents the total revenue earned by businesses engaged in renting or leasing a wide range of tangible goods, such as automobiles, machinery, and equipment. This metric is a key indicator of commercial and consumer demand for rental services.
Methodology
The data is collected through surveys of businesses in the rental and leasing services industry.
Historical Context
Policymakers and market analysts closely monitor this trend to assess economic conditions and make informed decisions.
Key Facts
- The rental and leasing services industry generates over $700 billion in annual revenue.
- Demand for rental services is closely tied to broader economic conditions and consumer confidence.
- The industry employs over 2 million workers in the United States.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the total revenue generated by the U.S. rental and leasing services industry, including businesses that rent or lease automobiles, machinery, equipment, and other tangible goods.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall health and activity of the rental and leasing services industry, which is an important indicator of commercial and consumer demand. Analysts and policymakers use this data to assess economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the rental and leasing services industry.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to assess the state of the rental and leasing services industry, which is a key component of the broader economy. The data can inform decisions related to economic policy, investment, and consumer spending.
Q: Are there update delays or limitations?
A: The Annual, Not Seasonally Adjusted data is published with a delay, as it is based on annual surveys of businesses. There may also be limitations in the data's coverage or accuracy, as with any industry-level metric.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (FLARTENTRECNGSP), retrieved from FRED.