State Government Tax Collections, Motor Fuels - Selective Sales Taxes in Hawaii
HIFUELTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80,796.00
Year-over-Year Change
-13.45%
Date Range
1/1/1955 - 1/1/2024
Summary
The 'State Government Tax Collections, Motor Fuels - Selective Sales Taxes in Hawaii' series measures the amount of selective sales taxes collected by the state government of Hawaii on motor fuels. This metric is an important indicator of economic activity and fuel consumption 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 represents the selective sales taxes levied by the Hawaii state government on motor fuels like gasoline and diesel. It provides insight into trends in fuel consumption and the overall economic health of the state.
Methodology
The data is collected and published by the U.S. Census Bureau as part of its State Government Tax Collections survey.
Historical Context
Policymakers and economists closely monitor this metric to understand shifts in consumer behavior, transportation patterns, and the broader state economy.
Key Facts
- Hawaii has one of the highest fuel tax rates in the United States.
- Motor fuel taxes account for a significant portion of Hawaii's state government revenue.
- Trends in this metric can signal changes in economic activity and transportation patterns.
FAQs
Q: What does this economic trend measure?
A: This series measures the amount of selective sales taxes collected by the Hawaii state government on motor fuels like gasoline and diesel.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into fuel consumption patterns and the overall economic health of Hawaii, making it an important indicator for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and published 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: Policymakers and economists closely monitor this metric to understand shifts in consumer behavior, transportation patterns, and the broader state economy.
Q: Are there update delays or limitations?
A: The data is published quarterly, with some potential delay in availability.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Fuels - Selective Sales Taxes in Hawaii (HIFUELTAX), retrieved from FRED.