Total Revenue for Credit Card Issuing, All Establishments, Employer Firms
REVEF52221ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
160,564.00
Year-over-Year Change
97.12%
Date Range
1/1/2009 - 1/1/2022
Summary
This economic trend measures the total revenue generated by credit card issuing establishments in the United States. It provides insight into the overall performance and growth of the credit card industry.
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 Credit Card Issuing, All Establishments, Employer Firms metric tracks the aggregate revenue collected by businesses that issue credit cards to consumers and businesses. This data is a valuable indicator of consumer and business spending patterns, as well as the profitability of the credit card sector.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this trend to monitor the health and development of the credit card industry and its impact on the broader economy.
Key Facts
- Credit card revenue totaled $192 billion in 2021.
- The credit card industry accounts for over 2% of U.S. GDP.
- Revenue has grown by an average of 5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by businesses that issue credit cards to consumers and businesses in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer and business spending patterns, as well as the overall performance and profitability of the credit card industry, which is an important sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the health and development of the credit card industry and its impact on the broader economy, informing decisions and policies related to consumer finance and financial services.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a delay of approximately 3 months. There may be revisions to previously reported figures as new information becomes available.
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Citation
U.S. Federal Reserve, Total Revenue for Credit Card Issuing, All Establishments, Employer Firms (REVEF52221ALLEST), retrieved from FRED.