State Tax Collections: T09 General Sales and Gross Receipts Taxes for North Dakota
QTAXT09QTAXCAT3NDNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
309.00
Year-over-Year Change
-8.58%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures North Dakota's state tax collections from general sales and gross receipts taxes. It is an important indicator of consumer spending and economic activity 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 Tax Collections: T09 General Sales and Gross Receipts Taxes for North Dakota trend represents the total amount of tax revenue the state collects from general sales and gross receipts. This metric provides insight into consumer demand and the overall health of North Dakota's economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of state government tax collection agencies.
Historical Context
Policymakers and economists use this trend to analyze consumer behavior and gauge the broader economic climate in North Dakota.
Key Facts
- North Dakota has no state-level personal income tax.
- Sales tax accounts for over 40% of North Dakota's total state tax revenue.
- General sales tax collections have grown steadily in North Dakota over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of state tax revenue collected by North Dakota from general sales and gross receipts taxes.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and the overall economic health of North Dakota, making it relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of state government tax collection agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze consumer behavior and gauge the broader economic climate in North Dakota, which informs policy decisions.
Q: Are there update delays or limitations?
A: There may be a several month delay in the availability of the most recent data due to the time required for state governments to report their tax collection figures.
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Citation
U.S. Federal Reserve, State Tax Collections: T09 General Sales and Gross Receipts Taxes for North Dakota (QTAXT09QTAXCAT3NDNO), retrieved from FRED.