State Government Tax Collections, Hunting and Fishing Licenses in Colorado
COHUNTLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124,018.00
Year-over-Year Change
83.38%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures revenue from hunting and fishing license sales by the state government of Colorado. It provides insight into recreational activity and wildlife management funding.
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 of Colorado collects revenue from the sale of hunting and fishing licenses. This metric tracks the total value of these license sales over time, which is an important indicator of outdoor recreation participation and funding for wildlife conservation programs.
Methodology
The data is collected directly from state government administrative records on license sales.
Historical Context
Policymakers and wildlife managers use this trend to monitor funding for conservation efforts and adjust hunting/fishing regulations.
Key Facts
- Colorado is home to 41 state parks and over 300 wildlife species.
- License sales generated over $70 million in revenue for Colorado in 2021.
- Hunting and fishing activities contribute over $3 billion annually to Colorado's economy.
FAQs
Q: What does this economic trend measure?
A: This trend tracks revenue from the sale of hunting and fishing licenses by the Colorado state government.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into outdoor recreation participation and funding for wildlife conservation programs in Colorado.
Q: How is this data collected or calculated?
A: The data is collected directly from state government administrative records on license sales.
Q: How is this trend used in economic policy?
A: Policymakers and wildlife managers use this trend to monitor funding for conservation efforts and adjust hunting/fishing regulations.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis with a short delay.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Hunting and Fishing Licenses in Colorado (COHUNTLICTAX), retrieved from FRED.