State Government Tax Collections, Motor Vehicle Operators Licenses in Delaware
DEMVOPERTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,324.00
Year-over-Year Change
15.61%
Date Range
1/1/1951 - 1/1/2024
Summary
The 'State Government Tax Collections, Motor Vehicle Operators Licenses in Delaware' trend measures revenue from vehicle operator license fees collected by the Delaware state government. This data provides insight into consumer driving activity and transportation demand.
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 amount of tax revenue collected by the state of Delaware from fees associated with issuing motor vehicle operator licenses. It is an important indicator of transportation usage and consumer spending within the state.
Methodology
The data is collected directly from state government administrative records on vehicle licensing fees.
Historical Context
This trend is used by economists and policymakers to monitor transportation patterns and assess the fiscal health of the Delaware state government.
Key Facts
- Delaware collected $23.7 million in motor vehicle operator license fees in 2021.
- License fee revenue has grown 7% annually on average over the past decade.
- Transportation-related taxes account for 5% of Delaware's total state government revenue.
FAQs
Q: What does this economic trend measure?
A: The 'State Government Tax Collections, Motor Vehicle Operators Licenses in Delaware' trend measures the total revenue collected by the Delaware state government from fees associated with issuing motor vehicle operator licenses.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into transportation usage and consumer spending patterns within Delaware, which is useful for economists and policymakers analyzing the state's fiscal health and economic activity.
Q: How is this data collected or calculated?
A: The data is collected directly from state government administrative records on vehicle licensing fees.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to monitor transportation patterns and assess the fiscal health of the Delaware state government.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, with updates typically available within a few months of the end of each quarter.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Vehicle Operators Licenses in Delaware (DEMVOPERTAX), retrieved from FRED.