State Government Tax Collections, Motor Vehicle Operators Licenses in Washington
WAMVOPERTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136,100.00
Year-over-Year Change
95.14%
Date Range
1/1/1951 - 1/1/2024
Summary
The 'State Government Tax Collections, Motor Vehicle Operators Licenses in Washington' measures the tax revenue collected by the Washington state government from motor vehicle operator's licenses. This data provides insights into transportation and public finance trends.
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
This series tracks the total revenue collected by the Washington state government through taxes and fees on motor vehicle operator's licenses. It is an important indicator of transportation activity, government finances, and policy impacts within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government tax collections.
Historical Context
Policymakers and economists use this data to understand trends in transportation, public finance, and the broader Washington state economy.
Key Facts
- Washington state collected $193 million in motor vehicle operator's license taxes in 2021.
- This revenue source accounts for approximately 1.2% of total Washington state tax collections.
- Motor vehicle license taxes have grown by 32% in Washington over the past 10 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the Washington state government from motor vehicle operator's licenses and related fees.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into transportation activity, government finances, and policy impacts within the state of Washington.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state government tax collections.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to understand trends in transportation, public finance, and the broader Washington state economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Vehicle Operators Licenses in Washington (WAMVOPERTAX), retrieved from FRED.