Total Revenue for Other Amusement and Recreation Industries, Establishments Subject to Federal Income Tax
REV7139TAXABL157QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.00
Year-over-Year Change
-95.79%
Date Range
4/1/2009 - 4/1/2024
Summary
This economic trend measures total revenue for other amusement and recreation industries, such as fitness centers, sports clubs, and similar establishments. It provides insights into the financial performance and economic activity within the broader recreation 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 Other Amusement and Recreation Industries indicator tracks quarterly revenue for establishments in the amusement and recreation industries, excluding traditional arts, entertainment, and gambling venues. This data is used by economists and policymakers to analyze trends in consumer spending, industry growth, and the overall health of the recreation and leisure economy.
Methodology
The data is collected through quarterly surveys of businesses subject to federal income tax.
Historical Context
This revenue trend is monitored by policymakers and industry analysts to gauge consumer demand and inform decisions around fiscal, monetary, and regulatory policies.
Key Facts
- The recreation industry accounts for over $300 billion in annual revenue in the U.S.
- Revenue in the other amusement and recreation sector grew by 12% in 2021 compared to 2020.
- The COVID-19 pandemic had a significant negative impact on recreation industry revenues in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total quarterly revenue for other amusement and recreation industries, such as fitness centers, sports clubs, and similar establishments, excluding traditional arts, entertainment, and gambling venues.
Q: Why is this trend relevant for users or analysts?
A: This revenue trend provides insights into the financial performance and economic activity within the broader recreation sector, which is an important part of the U.S. economy. It is monitored by policymakers and industry analysts to gauge consumer demand and inform decisions around fiscal, monetary, and regulatory policies.
Q: How is this data collected or calculated?
A: The data is collected through quarterly surveys of businesses subject to federal income tax.
Q: How is this trend used in economic policy?
A: This revenue trend is used by policymakers and economists to analyze trends in consumer spending, industry growth, and the overall health of the recreation and leisure economy, which informs decisions around fiscal, monetary, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical update delay of approximately two months following the end of the reference quarter.
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Citation
U.S. Federal Reserve, Total Revenue for Other Amusement and Recreation Industries, Establishments Subject to Federal Income Tax (REV7139TAXABL157QNSA), retrieved from FRED.