Total Revenue for Information, All Establishments, Employer and Nonemployer Firms
REVENF51ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,204,427.00
Year-over-Year Change
95.30%
Date Range
1/1/2002 - 1/1/2022
Summary
This economic trend measures the total revenue generated by the information industry, including both employer and nonemployer firms. It provides insight into the overall economic performance and health of the information 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 the information industry is an important economic indicator that tracks the financial activity and output of businesses in sectors such as publishing, telecommunications, data processing, and other information-related services. This metric is used by economists and policymakers to assess the broader trends and conditions within the information economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of employer and nonemployer firms.
Historical Context
This trend is closely monitored by industry analysts and policymakers to gauge the strength and competitiveness of the information sector.
Key Facts
- The information industry accounts for a significant portion of the U.S. economy.
- Revenue in the information sector has experienced steady growth over the past decade.
- The data covers a wide range of information-related businesses, from media to technology.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by the information industry, including both employer and nonemployer firms. It provides a comprehensive view of the financial activity and output of businesses in the information sector.
Q: Why is this trend relevant for users or analysts?
A: The total revenue for the information industry is an important indicator of the overall economic performance and health of this crucial sector. It is closely monitored by economists, industry analysts, and policymakers to gauge the strength and competitiveness of the information economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of employer and nonemployer firms in the information industry.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to assess the broader conditions and trends within the information sector, which plays a vital role in the overall U.S. economy. It informs decision-making and policy initiatives aimed at supporting the growth and competitiveness of the information industry.
Q: Are there update delays or limitations?
A: The data is typically released with a delay of several months, as the Census Bureau compiles and processes the survey information. There may also be limitations in the scope or coverage of certain types of information businesses included in the data.
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Citation
U.S. Federal Reserve, Total Revenue for Information, All Establishments, Employer and Nonemployer Firms (REVENF51ALLEST), retrieved from FRED.