State Government Tax Collections, Hunting and Fishing Licenses in Rhode Island
RIHUNTLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,460.00
Year-over-Year Change
47.66%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures the tax revenue generated from hunting and fishing licenses issued by the state government of Rhode Island. It is an important indicator of outdoor recreation activity and the health of the state's natural resources.
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 Rhode Island series tracks the total tax revenue collected by the Rhode Island state government from the sale of hunting and fishing licenses. This data provides insights into the popularity of outdoor recreation activities and the management of the state's wildlife and natural areas.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government tax revenue sources.
Historical Context
This trend is used by policymakers, economists, and natural resource managers to assess the recreational usage of Rhode Island's public lands and waters.
Key Facts
- Rhode Island generates over $2 million annually from hunting and fishing license fees.
- Hunting and fishing license sales have increased by 15% in Rhode Island over the past decade.
- Revenues from hunting and fishing licenses fund wildlife conservation and outdoor recreation programs in Rhode Island.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the Rhode Island state government from the sale of hunting and fishing licenses.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the popularity of outdoor recreation activities and the management of Rhode Island's natural resources.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government tax revenue sources.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and natural resource managers to assess the recreational usage of Rhode Island's public lands and waters.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Hunting and Fishing Licenses in Rhode Island (RIHUNTLICTAX), retrieved from FRED.