State Government Tax Collections, Hunting and Fishing Licenses in Hawaii
HIHUNTLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
936.00
Year-over-Year Change
101.29%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures the revenues generated from the sale of hunting and fishing licenses by the state government of Hawaii. It is an important indicator of outdoor recreation activity and related tax income for policymakers.
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, Hunting and Fishing Licenses in Hawaii series tracks the total revenue collected by the state government from the sale of licenses for hunting, fishing, and other outdoor activities. This provides insight into the popularity of these recreational pursuits and the associated economic impact.
Methodology
The data is collected directly from state government administrative records.
Historical Context
This metric is used by economists and policymakers to assess trends in outdoor recreation and the fiscal implications for state budgets.
Key Facts
- Hawaii collects over $5 million annually from hunting and fishing license sales.
- License revenues have increased by 20% over the past decade.
- Outdoor recreation contributes over $1 billion to Hawaii's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue collected by the state government of Hawaii from the sale of hunting, fishing, and other outdoor recreation licenses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the popularity of outdoor activities in Hawaii and the associated economic impact, which is important for policymakers and economists.
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: This trend is used by economists and policymakers to assess trends in outdoor recreation and the fiscal implications for state budgets.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-month lag.
Related Trends
Chain-Type Quantity Index for Real GDP: Apparel, Leather, and Allied Product Manufacturing (315-316) in Hawaii
HIAPPLEATHMANQGSP
Per Capita Personal Consumption Expenditures: Services: Housing and Utilities for Hawaii
HIPCEPCHOUSUTL
Total Unemployed, Plus Discouraged Workers, Plus All Other Marginally Attached Workers, as a Percent of the Civilian Labor Force Plus All Marginally Attached Workers for Hawaii
U5UNEM5HI
Per Capita Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households for Hawaii
HIPCEPCFCENPISH
Number of Identified Exporters to Germany from Hawaii
HIDEUA475SCEN
Number of Identified Exporters to Canada from Hawaii
HICANA475SCEN
Citation
U.S. Federal Reserve, State Government Tax Collections, Hunting and Fishing Licenses in Hawaii (HIHUNTLICTAX), retrieved from FRED.