Total Revenue for Nursing and Residential Care Facilities, All Establishments
REV623ALLEST157QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.20
Year-over-Year Change
-250.00%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures total revenue for nursing and residential care facilities across the United States. It provides valuable insights into the financial health and activity of this critical healthcare 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 Nursing and Residential Care Facilities, All Establishments indicator tracks the total sales and operating income generated by nursing homes, assisted living facilities, and other long-term care providers. It is an important metric for analyzing industry trends and the broader healthcare market.
Methodology
The data is collected and calculated by the U.S. Census Bureau through quarterly surveys of establishments.
Historical Context
Policymakers and industry analysts use this trend to monitor the financial performance and economic conditions of the nursing and residential care sector.
Key Facts
- The nursing and residential care facilities industry generates over $400 billion in annual revenue.
- Revenue growth in this sector has outpaced overall GDP in recent years.
- Demographic trends, such as an aging population, drive demand for long-term care services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue, including sales and operating income, generated by nursing homes, assisted living facilities, and other establishments providing residential care and nursing services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the financial health and economic activity of the nursing and residential care facilities industry, which is a critical component of the broader healthcare sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through quarterly surveys of establishments in the nursing and residential care facilities industry.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to monitor the financial performance and economic conditions of the nursing and residential care sector, which can inform healthcare policy decisions and market strategies.
Q: Are there update delays or limitations?
A: This data is released on a quarterly basis, and there may be a short delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Total Revenue for Nursing and Residential Care Facilities, All Establishments (REV623ALLEST157QNSA), retrieved from FRED.