State Government Tax Collections, Insurance Premiums - Selective Sales Taxes in Hawaii
HIINSURTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
217,883.00
Year-over-Year Change
78.01%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures state government tax collections on insurance premiums and selective sales taxes in Hawaii. It provides important insights into Hawaii's fiscal health and the insurance industry's economic impact.
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 Hawaii metric tracks the revenue generated by the state government through taxes on insurance premiums and selective sales. This data is used by economists and policymakers to analyze Hawaii's tax base, assess the insurance sector's economic significance, and inform fiscal policy decisions.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Tax Revenue survey.
Historical Context
This economic indicator is closely monitored by Hawaii's government, the insurance industry, and financial analysts to understand the state's fiscal conditions and economic trends.
Key Facts
- Hawaii levies taxes on insurance premiums and selective sales.
- This tax revenue is an important component of the state's overall fiscal resources.
- The insurance industry is a significant contributor to Hawaii's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the Hawaii state government from insurance premiums and selective sales taxes.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Hawaii's fiscal health and the economic importance of the insurance industry, which is crucial information for policymakers, economists, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Tax Revenue survey.
Q: How is this trend used in economic policy?
A: Governments, the insurance industry, and financial analysts use this data to monitor Hawaii's fiscal conditions and the economic impact of the insurance sector, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly by the U.S. Census Bureau, and there may be some delay in the most recent data being available.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Insurance Premiums - Selective Sales Taxes in Hawaii (HIINSURTAX), retrieved from FRED.