State Government Tax Collections, Total Sales and Gross Receipts Taxes in Delaware
DESLGRTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
658,914.00
Year-over-Year Change
34.19%
Date Range
1/1/1942 - 1/1/2024
Summary
The 'State Government Tax Collections, Total Sales and Gross Receipts Taxes in Delaware' series measures the total sales and gross receipts tax revenue collected by the Delaware state government. This metric is an important indicator of economic activity and consumer spending 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
This data series tracks the total tax revenue Delaware's state government collects from sales and gross receipts taxes. Sales taxes are a key source of state funding, and trends in this metric can provide insights into the health of Delaware's economy and consumer demand.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of its State Government Tax Collections survey.
Historical Context
State tax revenue data is closely monitored by policymakers, economists, and financial markets to assess economic conditions and inform fiscal policy decisions.
Key Facts
- Delaware collected $1.5 billion in sales and gross receipts taxes in 2021.
- Sales taxes account for over 60% of Delaware's state tax revenue.
- Delaware has no state personal income tax.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total sales and gross receipts tax revenue collected by the Delaware state government.
Q: Why is this trend relevant for users or analysts?
A: Sales tax revenue is a key indicator of economic activity and consumer spending in Delaware, which is useful for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of its State Government Tax Collections survey.
Q: How is this trend used in economic policy?
A: State tax revenue data is closely monitored by policymakers to assess economic conditions and inform fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, so the most recent figures may not reflect the current economic situation.
Related Trends
Labor Force Participation Rate for Delaware
LBSNSA10
Number of Identified Exporters to Slovakia from Delaware
DESVKA475SCEN
Real Gross Domestic Product: Paper Manufacturing (322) in Delaware
DEPAPMANRGSP
Chain-Type Quantity Index for Real GDP: Textile Mills and Textile Product Mills (313-314) in Delaware
DETEXTQGSP
Number of Identified Exporters to Iceland from Delaware
DEISLA475SCEN
Finance and Insurance Wages and Salaries in Delaware
DEWFIN
Citation
U.S. Federal Reserve, State Government Tax Collections, Total Sales and Gross Receipts Taxes in Delaware (DESLGRTAX), retrieved from FRED.