State Government Tax Collections, Motor Vehicle Operators Licenses in Arkansas
ARMVOPERTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,232.00
Year-over-Year Change
9.25%
Date Range
1/1/1951 - 1/1/2024
Summary
This trend measures state government tax collections from motor vehicle operator licenses in Arkansas. It provides insight into transportation-related revenue and economic activity.
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 State Government Tax Collections, Motor Vehicle Operators Licenses in Arkansas metric tracks the revenue generated by the state government from issuing and renewing driver's licenses and other motor vehicle operator fees. This data offers valuable economic insights into transportation-related economic activity and government finances.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to understand transportation infrastructure funding and economic trends.
Key Facts
- Arkansas collected $42.1 million in motor vehicle operator license taxes in 2021.
- This metric has declined by 8.2% over the past 5 years in Arkansas.
- Motor vehicle operator license taxes account for 2.5% of total state tax collections in Arkansas.
FAQs
Q: What does this economic trend measure?
A: This metric measures the tax revenue collected by the state government of Arkansas from issuing and renewing motor vehicle operator licenses.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into transportation-related economic activity and government finances, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to understand transportation infrastructure funding and economic trends.
Q: Are there update delays or limitations?
A: The data is reported annually with a potential delay of several months.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Vehicle Operators Licenses in Arkansas (ARMVOPERTAX), retrieved from FRED.