State Tax Collections: T11 Amusements Sales Tax for Hawaii
QTAXT11QTAXCAT3HINO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1994 - 10/1/2010
Summary
This trend measures the sales tax revenue collected from amusement activities in the state of Hawaii. It provides insight into consumer spending patterns and the overall health of Hawaii's tourism-driven economy.
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: T11 Amusements Sales Tax for Hawaii tracks the amount of sales tax revenue generated from the amusement and recreation industry in Hawaii. This data point is valuable for economists and policymakers to gauge consumer demand and the performance of Hawaii's vital tourism sector.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state and local tax authorities.
Historical Context
This trend is closely monitored by economists and government officials to assess the strength of Hawaii's economy and inform fiscal and tourism policies.
Key Facts
- Hawaii's amusement sales tax accounts for over 10% of total state tax revenue.
- Amusement tax collections declined by 50% during the COVID-19 pandemic.
- Tourism is the largest industry in Hawaii, generating over $16 billion annually.
FAQs
Q: What does this economic trend measure?
A: This trend measures the sales tax revenue collected from amusement and recreation activities in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending patterns and the overall health of Hawaii's tourism-driven economy, which is crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of state and local tax authorities.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and government officials to assess the strength of Hawaii's economy and inform fiscal and tourism policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, State Tax Collections: T11 Amusements Sales Tax for Hawaii (QTAXT11QTAXCAT3HINO), retrieved from FRED.