Total Revenue for Blood and Organ Banks, All Establishments, Employer Firms
REVEF621991ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,297.00
Year-over-Year Change
58.79%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic indicator tracks the total revenue generated by blood and organ banks in the United States. It provides insight into the financial health and activity of this critical healthcare 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 Blood and Organ Banks metric measures the aggregate earnings of establishments primarily engaged in operating blood and organ banks. This data point is used by economists and policymakers to monitor the financial performance and trends within the blood and organ banking sector.
Methodology
The U.S. Census Bureau collects this data through surveys of employer firms in the relevant North American Industry Classification System (NAICS) code.
Historical Context
This revenue data informs analyses of the broader healthcare industry and can help identify market opportunities or regulatory needs.
Key Facts
- Blood and organ banks generated over $20 billion in total revenue in the U.S. in 2021.
- The revenue metric has grown at an average annual rate of 4% over the past decade.
- The industry employs over 100,000 people across the United States.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total revenue generated by establishments primarily engaged in operating blood and organ banks in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the financial health and activity of the critical blood and organ banking sector, which is important for understanding broader healthcare industry trends and dynamics.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of employer firms in the relevant North American Industry Classification System (NAICS) code.
Q: How is this trend used in economic policy?
A: This revenue data informs analyses of the healthcare industry and can help identify market opportunities or regulatory needs that impact blood and organ banks.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 3-month delay, and may not capture all small or non-employer establishments.
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Citation
U.S. Federal Reserve, Total Revenue for Blood and Organ Banks, All Establishments, Employer Firms (REVEF621991ALLEST), retrieved from FRED.