State government total receipts
W762RC1A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,606.44
Year-over-Year Change
87.14%
Date Range
1/1/1959 - 1/1/2023
Summary
This economic trend measures total receipts, or revenue, collected by U.S. state governments. It is an important indicator of fiscal health and state-level 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
State government total receipts track all sources of income for state governments, including taxes, fees, grants, and other revenue. This data provides insight into the fiscal position and spending capacity 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
Economists and policymakers monitor this trend to assess the financial conditions and policy flexibility of individual states.
Key Facts
- State governments collected over $2.3 trillion in total receipts in 2021.
- Receipts grew by 12.4% in 2021, the fastest annual pace since 2011.
- California, Texas, and New York account for over 40% of total state government receipts.
FAQs
Q: What does this economic trend measure?
A: State government total receipts track all revenue collected by U.S. state governments, including taxes, fees, grants, and other sources of income.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the fiscal health and spending capacity of individual states, which is crucial for economists, policymakers, and investors.
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: Economists and policymakers monitor state government receipts to assess the financial conditions and policy flexibility of individual states, which informs fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, State government total receipts (W762RC1A027NBEA), retrieved from FRED.