State government current receipts: Current transfer receipts: from persons
W749RC1A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.00
Year-over-Year Change
88.04%
Date Range
1/1/1959 - 1/1/2023
Summary
This economic trend measures current transfer receipts from persons to state governments, providing insight into a key component of state government revenue.
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 current receipts: Current transfer receipts: from persons series tracks the value of transfer payments made by individuals to state governments, such as taxes, fees, and other payments. This metric is important for understanding the fiscal health and revenue sources of state governments.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of the National Income and Product Accounts.
Historical Context
This trend is closely monitored by policymakers and analysts to assess the financial standing of state governments and their ability to fund public services and programs.
Key Facts
- Transfer receipts from persons account for a significant portion of state government revenue.
- This metric has shown fluctuations over time, reflecting changes in individual tax burdens and economic conditions.
- Monitoring this trend is crucial for state governments to plan budgets and manage their fiscal responsibilities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the current transfer receipts, such as taxes and fees, made by individuals to state governments in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the fiscal health and revenue sources of state governments, which is crucial information for policymakers, economists, and the public.
Q: How is this data collected or calculated?
A: The data is collected and calculated 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: This trend is closely monitored by policymakers and analysts to assess the financial standing of state governments and their ability to fund public services and programs.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and any revisions made by the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, State government current receipts: Current transfer receipts: from persons (W749RC1A027NBEA), retrieved from FRED.