State Tax Collections: T10 Alcoholic Beverages Sales Tax for North Dakota
This dataset tracks state tax collections: t10 alcoholic beverages sales tax for north dakota over time.
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/1994 - 1/1/2025
Summary
This data series tracks state tax collections from the sale of alcoholic beverages in North Dakota. It provides insight into consumer demand and state fiscal conditions.
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: T10 Alcoholic Beverages Sales Tax for North Dakota metric measures the total tax revenue collected by the state from the sale of alcoholic products. This is an important economic indicator used by policymakers, analysts, and researchers to monitor consumer behavior and state fiscal health.
Methodology
The data is collected and reported by the U.S. Census Bureau through state tax revenue surveys.
Historical Context
This trend is closely watched by state budget officials, the alcohol industry, and economists to understand consumer spending patterns and state revenue sources.
Key Facts
- North Dakota's alcoholic beverage sales tax revenue totaled $38.4 million in 2020.
- Alcoholic beverage sales taxes account for approximately 2.7% of North Dakota's total state tax collections.
- Alcoholic beverage sales tax revenue in North Dakota has grown by 18% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total tax revenue collected by the state of North Dakota from the sale of alcoholic beverages.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand for alcoholic products and is an important indicator of state fiscal health and revenue sources.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through state tax revenue surveys.
Q: How is this trend used in economic policy?
A: State budget officials, the alcohol industry, and economists closely monitor this trend to understand consumer spending patterns and state revenue sources.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis with a typical 3-month lag between the end of the quarter and public release.
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Citation
U.S. Federal Reserve, State Tax Collections: T10 Alcoholic Beverages Sales Tax for North Dakota (QTAXT10QTAXCAT3NDNO), retrieved from FRED.