State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in Hawaii
HIOTHSLSTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
921,958.00
Year-over-Year Change
166.00%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures Hawaii's state government tax collections from other selective sales and gross receipts taxes. It provides important insights into the state's tax 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, Other Selective Sales and Gross Receipts Taxes in Hawaii' series tracks tax revenues collected by the Hawaii state government from various forms of selective sales and gross receipts taxes, excluding major categories like general sales tax. This data offers a granular view of the state's fiscal health and economic performance.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state and local government finances.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess Hawaii's economic conditions and fiscal policy.
Key Facts
- Hawaii collects this tax on a variety of selective sales and gross receipts.
- Tax collections from this source account for a significant portion of the state's total tax revenue.
- Trends in this data can signal changes in Hawaii's economic conditions and consumer spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the Hawaii state government from other selective sales and gross receipts taxes, excluding major categories like general sales tax.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into Hawaii's fiscal health and economic activity, making it relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state and local government finances.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers in Hawaii to assess the state's economic conditions and fiscal policy.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the U.S. Census Bureau, which may result in occasional update delays or limitations.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Other Selective Sales and Gross Receipts Taxes in Hawaii (HIOTHSLSTAX), retrieved from FRED.