State and local government current receipts: Income receipts on assets: Rents and royalties
S230541A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.07
Year-over-Year Change
52.70%
Date Range
1/1/1929 - 1/1/2024
Summary
This economic trend measures state and local government income from rents and royalties on assets. It is an important indicator of government revenue sources and fiscal health.
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 and local government current receipts: Income receipts on assets: Rents and royalties' series tracks the income that state and local governments earn from rents and royalties on the assets they own, such as land, buildings, and natural resources. This metric provides insight into an important revenue stream for subnational governments.
Methodology
The data is collected and reported by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
Economists and policymakers use this trend to assess the fiscal position and revenue sources of state and local governments.
Key Facts
- State and local governments earned over $150 billion in rents and royalties in 2021.
- Rents and royalties account for about 5% of total state and local government current receipts.
- This revenue stream has grown at an average annual rate of 3.2% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the income that state and local governments earn from rents and royalties on the assets they own, such as land, buildings, and natural resources.
Q: Why is this trend relevant for users or analysts?
A: Rents and royalties are an important revenue source for state and local governments, providing insight into their fiscal health and revenue composition.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the fiscal position and revenue sources of state and local governments, which informs decisions about budgets, taxation, and public spending.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, State and local government current receipts: Income receipts on assets: Rents and royalties (S230541A027NBEA), retrieved from FRED.