Total Revenue for Insurance Agencies and Brokerages, All Establishments, Employer Firms
REVEF52421ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
191,133.00
Year-over-Year Change
94.19%
Date Range
1/1/2009 - 1/1/2022
Summary
This economic trend measures the total revenue generated by insurance agencies and brokerages across all U.S. employer firms. It provides insights into the overall performance and activity levels of this key 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 Insurance Agencies and Brokerages, All Establishments, Employer Firms series tracks the aggregate revenue earned by businesses primarily engaged in selling insurance policies and providing other insurance-related services. This metric is widely used by economists and industry analysts to assess the health and growth of the insurance services sector.
Methodology
The data is collected through surveys of U.S. businesses by the Census Bureau.
Historical Context
Policymakers and market participants monitor this trend to gauge the state of the insurance industry and its contribution to the broader economy.
Key Facts
- Insurance agencies and brokerages generate over $300 billion in annual revenue.
- This sector has experienced steady growth over the past decade.
- Revenues are sensitive to changes in consumer demand and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by insurance agencies and brokerages across all U.S. employer firms.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall performance and growth of the insurance services industry, which is a key contributor to the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses by the Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and market participants monitor this trend to gauge the state of the insurance industry and its contribution to the broader economy.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but there may be some delays in reporting due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Total Revenue for Insurance Agencies and Brokerages, All Establishments, Employer Firms (REVEF52421ALLEST), retrieved from FRED.