State Government Tax Collections, Motor Vehicle Operators Licenses in Florida
FLMVOPERTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
181,903.00
Year-over-Year Change
-48.05%
Date Range
1/1/1951 - 1/1/2024
Summary
This trend measures state government tax collections from motor vehicle operators licenses in Florida. It provides insight into transportation-related revenue and economic activity in the state.
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 Florida metric tracks the total tax revenue generated by the state from the licensing of motor vehicle operators. This data point is used by economists and policymakers to assess transportation infrastructure funding and the economic health of the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through their annual State Government Tax Collections survey.
Historical Context
This trend is relevant for understanding transportation policy, infrastructure investment, and overall economic conditions in Florida.
Key Facts
- Florida is the 3rd most populous state in the U.S.
- Motor vehicle-related taxes account for over 10% of Florida's state tax revenue.
- The state has over 16 million licensed drivers as of 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state government of Florida from motor vehicle operators licenses.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into transportation-related economic activity and infrastructure funding in the state of Florida.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the U.S. Census Bureau through their State Government Tax Collections survey.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze transportation infrastructure investment, tax policy, and overall economic conditions in Florida.
Q: Are there update delays or limitations?
A: The data is reported annually with a lag, so the most recent figures may not reflect the current year.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Vehicle Operators Licenses in Florida (FLMVOPERTAX), retrieved from FRED.