State Tax Collections: Total Taxes for Delaware
QTAXTOTALQTAXCAT3DENO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,753.00
Year-over-Year Change
1.27%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures total tax collections in the state of Delaware, providing insights into the state's fiscal health and economic 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: Total Taxes for Delaware' series tracks the total tax revenue collected by the state government of Delaware. This metric is a key indicator of the state's economic performance and can inform policymakers' decisions regarding taxation, spending, and fiscal policy.
Methodology
The data is collected and reported by the U.S. Census Bureau's Quarterly Summary of State and Local Government Tax Revenue.
Historical Context
This trend is closely monitored by economists, policymakers, and investors to assess Delaware's economic trajectory and fiscal sustainability.
Key Facts
- Delaware's total tax collections reached a record high in 2021.
- Sales and use taxes account for the largest share of Delaware's tax revenue.
- Tax collections are a critical source of funding for public services and infrastructure in Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state government of Delaware, including income taxes, sales taxes, and other sources of tax revenue.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Delaware's fiscal health and economic performance, which is valuable information for policymakers, investors, and economic 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 Government Tax Revenue.
Q: How is this trend used in economic policy?
A: Policymakers in Delaware and at the federal level closely monitor this trend to assess the state's economic conditions and inform decisions regarding taxation, spending, and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical lag of several months. There may be revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, State Tax Collections: Total Taxes for Delaware (QTAXTOTALQTAXCAT3DENO), retrieved from FRED.