State Government Tax Collections, Insurance Premiums - Selective Sales Taxes in Delaware
DEINSURTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
156,626.00
Year-over-Year Change
70.69%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax collections from insurance premiums and selective sales taxes in Delaware. It provides insights into state fiscal conditions and consumer spending patterns.
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, Insurance Premiums - Selective Sales Taxes in Delaware series tracks tax revenue generated from insurance-related transactions and specific goods and services subject to selective sales taxes in the state. This data is used by economists and policymakers to analyze Delaware's fiscal health and consumer behavior.
Methodology
The data is collected by the U.S. Census Bureau through state and local government tax surveys.
Historical Context
This metric is relevant for assessing Delaware's economic performance and can inform state budget and policy decisions.
Key Facts
- Delaware relies on insurance-related taxes for a significant portion of its state revenue.
- Selective sales taxes target specific goods and services in the state.
- This metric reflects both consumer spending patterns and state fiscal conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures state government tax collections from insurance premiums and selective sales taxes in Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Delaware's fiscal health and consumer spending patterns, which is valuable information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through state and local government tax surveys.
Q: How is this trend used in economic policy?
A: This metric can inform state budget and policy decisions in Delaware, as it reflects both consumer behavior and the state's fiscal conditions.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and any potential delays of the U.S. Census Bureau's state and local government tax surveys.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Insurance Premiums - Selective Sales Taxes in Delaware (DEINSURTAX), retrieved from FRED.