State Government Tax Collections, General Sales and Gross Receipts Taxes in Arkansas
ARSALESTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,068,041.00
Year-over-Year Change
80.39%
Date Range
1/1/1942 - 1/1/2024
Summary
This trend measures state government tax collections from general sales and gross receipts taxes in Arkansas. It provides insight into consumer spending and economic activity 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, General Sales and Gross Receipts Taxes in Arkansas series tracks the revenue collected by the Arkansas government from sales taxes. This metric is an important indicator of consumer spending and economic conditions within the state.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this trend to assess the health of Arkansas' economy and consumer demand.
Key Facts
- Arkansas has a state sales tax rate of 6.5%.
- Sales taxes account for over 30% of Arkansas' state tax revenue.
- General sales tax collections in Arkansas peaked in 2019 at $3.1 billion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of sales and gross receipts taxes collected by the state government of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending and economic activity within Arkansas, which is important for policymakers and analysts to monitor.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of Arkansas' economy and consumer demand, which informs fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay by the Census Bureau.
Related Trends
Chain-Type Quantity Index for Real GDP: Farms (111-112) in Arkansas
ARFARMQGSP
Average Weekly Hours of All Employees: Leisure and Hospitality in Arkansas
SMU05000007000000002A
Monthly State Retail Sales: Electronics and Appliance Stores in Arkansas
MSRSAR443
Chain-Type Quantity Index for Real GDP: Finance, Insurance, Real Estate, Rental, and Leasing (52, 53) in Arkansas
ARFININSREALQGSP
Transportation Carbon Dioxide Emissions, All Fuels for Arkansas
EMISSCO2TOTVTCTOARA
Total Unemployed, as a Percent of the Civilian Labor Force for Arkansas
U3UNEM3AR
Citation
U.S. Federal Reserve, State Government Tax Collections, General Sales and Gross Receipts Taxes in Arkansas (ARSALESTAX), retrieved from FRED.