State Government Tax Collections, Hunting and Fishing Licenses in Delaware
DEHUNTLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,103.00
Year-over-Year Change
49.96%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures the total tax revenue collected by the state government of Delaware from the sale of hunting and fishing licenses. It is an important indicator of recreational activity and natural resource utilization 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 Delaware series tracks the total revenue generated by the state government from the sale of licenses for hunting, fishing, and related outdoor recreational activities. This metric provides insight into the level of participation in these activities and the overall health of Delaware's natural resource-based economy.
Methodology
The data is collected and reported by the Delaware Department of Finance.
Historical Context
This trend is closely monitored by policymakers and natural resource managers to inform decisions around conservation, tourism, and tax policy.
Key Facts
- Delaware collected $4.2 million in hunting and fishing license taxes in 2021.
- License sales have increased by 8% in Delaware over the past 5 years.
- Hunting and fishing generate over $300 million in economic activity annually in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state government of Delaware from the sale of hunting and fishing licenses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of participation in outdoor recreational activities and the overall health of Delaware's natural resource-based economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Delaware Department of Finance.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and natural resource managers to inform decisions around conservation, tourism, and tax policy.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis with minimal delays.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Hunting and Fishing Licenses in Delaware (DEHUNTLICTAX), retrieved from FRED.