State Government Tax Collections, Hunting and Fishing Licenses in Pennsylvania
PAHUNTLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91,668.00
Year-over-Year Change
24.36%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures the revenue generated from the sale of hunting and fishing licenses by the state government of Pennsylvania. It provides insight into the recreational activities and outdoor behaviors of Pennsylvania residents.
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 Pennsylvania data series tracks the total revenue the Pennsylvania state government collects from the sale of licenses for hunting, fishing, and related outdoor recreation activities. This metric is used by policymakers and economists to analyze recreational trends and their economic impact.
Methodology
The data is collected directly from administrative records of the Pennsylvania state government.
Historical Context
This economic indicator is relevant for understanding consumer behavior and the recreational industry in Pennsylvania.
Key Facts
- Pennsylvania collected over $60 million in hunting and fishing license revenue in 2021.
- Hunting and fishing license sales account for approximately 3% of Pennsylvania's state tax collections.
- The number of hunting and fishing licenses sold in Pennsylvania has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue the Pennsylvania state government collects from the sale of licenses for hunting, fishing, and related outdoor recreation activities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the recreational activities and outdoor behaviors of Pennsylvania residents, which is relevant for understanding consumer behavior and the economic impact of the recreational industry in the state.
Q: How is this data collected or calculated?
A: The data is collected directly from administrative records of the Pennsylvania state government.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze recreational trends and their economic impact in Pennsylvania.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Pennsylvania state government, but there may be some delays in publishing the latest information.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Hunting and Fishing Licenses in Pennsylvania (PAHUNTLICTAX), retrieved from FRED.