Taxes on production and imports: Local government: Sales taxes: Other
L305231A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.62
Year-over-Year Change
75.82%
Date Range
1/1/1959 - 1/1/2016
Summary
This economic trend measures sales taxes collected by local governments, which are an important revenue source and indicator of consumer spending 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 'Taxes on production and imports: Local government: Sales taxes: Other' series tracks the total sales tax revenue received by U.S. local governments, excluding excise and other selective sales taxes. This provides insight into consumer demand and local economic conditions.
Methodology
The data is collected and published quarterly by the U.S. Bureau of Economic Analysis.
Historical Context
Sales tax revenue is closely monitored by policymakers and analysts to assess the health of consumer markets and the broader economy.
Key Facts
- Sales taxes account for over 30% of local government tax revenue.
- This metric has shown steady growth over the past decade.
- Consumer spending is a major driver of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total sales tax revenue collected by U.S. local governments, excluding other selective taxes.
Q: Why is this trend relevant for users or analysts?
A: Sales tax revenue provides insight into consumer spending patterns and the overall health of local economies, making it a closely watched indicator.
Q: How is this data collected or calculated?
A: The data is collected and published quarterly by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor sales tax revenue to assess consumer demand and make informed decisions about fiscal, monetary, and economic policies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a typical 3-month lag.
Related Trends
Government income receipts on assets: Dividends
W065RC1Q027SBEA
Contributions to Percent Change in the Chain-Type Price Index for GDP by Industry: Government: Federal
CPGDPPIF
State and local government current receipts: Income receipts on assets: Rents and royalties
S230541A027NBEA
Real Gross Output of General Government: Intermediate Goods and Services Purchased: Durable Goods
W105RL1A225NBEA
Real Value Added by Industry: Government
RVAG
Contributions to Percent Change in the Chain-Type Price Index for GDP by Industry: Government
CPGDPPIG
Citation
U.S. Federal Reserve, Taxes on production and imports: Local government: Sales taxes: Other (L305231A027NBEA), retrieved from FRED.