Taxes on production and imports: Federal: Excise taxes: Air transport
B2004C1A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.99
Year-over-Year Change
75.68%
Date Range
1/1/1959 - 1/1/2023
Summary
This economic trend measures federal excise taxes on air transport, which are taxes levied on the purchase of air travel services in the United States.
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
Excise taxes on air transport are an important component of federal government tax revenue and can provide insights into consumer demand and the economic health of the aviation industry.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the impact of economic conditions and policy changes on air travel activity.
Key Facts
- Excise taxes on air transport account for a significant portion of federal tax revenue.
- Air transport excise taxes can be used as an indicator of consumer demand for air travel.
- Changes in air transport excise taxes reflect the impact of economic conditions and policy changes on the aviation industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the federal excise taxes levied on the purchase of air travel services in the United States.
Q: Why is this trend relevant for users or analysts?
A: Excise taxes on air transport are an important component of federal government tax revenue and can provide insights into consumer demand and the economic health of the aviation industry.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and industry analysts to assess the impact of economic conditions and policy changes on air travel activity.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and any limitations of the National Income and Product Accounts.
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Citation
U.S. Federal Reserve, Taxes on production and imports: Federal: Excise taxes: Air transport (B2004C1A027NBEA), retrieved from FRED.