State Government Tax Collections, Hunting and Fishing Licenses in Washington
WAHUNTLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,745.00
Year-over-Year Change
6.98%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures revenue from hunting and fishing licenses collected by the state government of Washington. It provides insights into recreational activity and environmental policy in the state.
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 Washington' series tracks revenue generated from the sale of hunting and fishing licenses by the Washington state government. This metric serves as an indicator of recreational activity and spending in the state, as well as the efficacy of wildlife management and conservation policies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finances.
Historical Context
Policymakers and economists use this trend to assess the health of Washington's outdoor recreation industry and the effectiveness of the state's wildlife programs.
Key Facts
- Washington state collects over $50 million annually from hunting and fishing licenses.
- License sales account for a significant portion of funding for Washington's wildlife management programs.
- Trends in license sales reflect the popularity of outdoor recreation activities in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures revenue collected by the Washington state government from the sale of hunting and fishing licenses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health of Washington's outdoor recreation industry and the effectiveness of the state's wildlife conservation policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finances.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the outdoor recreation industry and the effectiveness of wildlife management programs in Washington state.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture real-time changes in license sales and state government revenue.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Hunting and Fishing Licenses in Washington (WAHUNTLICTAX), retrieved from FRED.