State Government Tax Collections, Motor Vehicle Licenses in Delaware
DEMOTOLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63,318.00
Year-over-Year Change
27.65%
Date Range
1/1/1951 - 1/1/2024
Summary
This trend measures state government tax collections from motor vehicle licenses in Delaware. It provides insight into the economic activity and tax revenue from motor vehicle ownership 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, Motor Vehicle Licenses in Delaware series tracks the total amount of tax revenue collected by the Delaware state government from licenses for motor vehicles. This data is used by economists and policymakers to analyze trends in transportation, consumer spending, and state fiscal health.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This metric is relevant for understanding Delaware's transportation infrastructure, consumer demand, and state budget considerations.
Key Facts
- Delaware collected $167 million in motor vehicle license taxes in 2021.
- Motor vehicle license taxes account for around 2.5% of Delaware's total state tax revenue.
- The state's motor vehicle license tax collections have grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of tax revenue collected by the state government of Delaware from licenses for motor vehicles.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into transportation activity, consumer spending, and state fiscal health in Delaware.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government finance.
Q: How is this trend used in economic policy?
A: This metric is relevant for understanding Delaware's transportation infrastructure, consumer demand, and state budget considerations.
Q: Are there update delays or limitations?
A: The data is published with a lag of several quarters, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Vehicle Licenses in Delaware (DEMOTOLICTAX), retrieved from FRED.