State Tax Collections: Total Taxes for Arizona
This dataset tracks state tax collections: total taxes for arizona over time.
Latest Value
5173.00
Year-over-Year Change
1.11%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures total state tax collections in Arizona, providing insights into the state's fiscal health and revenue sources.
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: Total Taxes for Arizona series tracks the total amount of taxes collected by the state government of Arizona, including sales, income, property, and other taxes. This metric is closely watched by policymakers, economists, and investors to assess the state's economic performance and fiscal position.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government finance.
Historical Context
State tax collections are a key indicator of economic activity and can inform policy decisions related to budgeting, taxation, and public spending.
Key Facts
- Arizona's total state tax collections reached a record high of $17.5 billion in 2021.
- Sales tax accounts for the largest share of Arizona's state tax revenue, contributing over 50% in recent years.
- State tax collections in Arizona have grown at an average annual rate of 4.2% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The State Tax Collections: Total Taxes for Arizona series tracks the total amount of taxes collected by the state government of Arizona, including sales, income, property, and other taxes.
Q: Why is this trend relevant for users or analysts?
A: State tax collections are a key indicator of economic activity and fiscal health, informing policy decisions related to budgeting, taxation, and public spending.
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 government finance.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors closely monitor state tax collections to assess the state's economic performance and fiscal position, which can inform decisions on budgeting, taxation, and public spending.
Q: Are there update delays or limitations?
A: The state tax collection data is typically published on a quarterly basis by the U.S. Census Bureau, with a lag of several months.
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Citation
U.S. Federal Reserve, State Tax Collections: Total Taxes for Arizona (QTAXTOTALQTAXCAT3AZNO), retrieved from FRED.