State Tax Collections: T09 General Sales and Gross Receipts Taxes for West Virginia
QTAXT09QTAXCAT3WVNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
449.00
Year-over-Year Change
7.93%
Date Range
1/1/1994 - 1/1/2025
Summary
This series measures state tax collections from general sales and gross receipts taxes for West Virginia. It provides insight into a key revenue stream for the state government 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 Tax Collections: T09 General Sales and Gross Receipts Taxes for West Virginia series tracks the quarterly tax revenues generated from sales and transactions in West Virginia. This data is used by economists and policymakers to analyze the state's fiscal health and economic performance.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
This economic indicator is closely monitored by state government officials and analysts to assess the broader economic climate and guide policy decisions.
Key Facts
- West Virginia relies on sales tax revenue for over 40% of its total tax collections.
- General sales tax collections account for over $2 billion in annual revenue for the state.
- Sales tax revenues have grown by an average of 3% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series tracks the quarterly tax revenues generated from general sales and gross receipts taxes collected by the state government of West Virginia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into a key revenue stream for the West Virginia government and serves as an indicator of overall economic activity and consumer spending in the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: State officials and analysts closely monitor this indicator to assess West Virginia's fiscal health and economic performance, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, State Tax Collections: T09 General Sales and Gross Receipts Taxes for West Virginia (QTAXT09QTAXCAT3WVNO), retrieved from FRED.