State Tax Collections: Total Taxes for Louisiana
QTAXTOTALQTAXCAT3LANO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,297.00
Year-over-Year Change
1.45%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures the total tax revenue collected by the state government of Louisiana. It is a key indicator of the state's fiscal health and economic activity.
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 Louisiana metric tracks the aggregate value of all tax receipts received by the Louisiana state government, including individual income taxes, sales taxes, corporate taxes, and other state-level levies. This data provides insight into the overall tax burden and revenue generation capacity of the state.
Methodology
The data is collected and reported by the U.S. Census Bureau through quarterly surveys of state government finance.
Historical Context
Policymakers and analysts use this metric to assess Louisiana's fiscal policies, budget planning, and economic performance.
Key Facts
- Louisiana collected over $12 billion in total state taxes in 2021.
- Sales and use taxes account for the largest share of Louisiana's state tax revenue.
- Tax collections in Louisiana have grown by an average of 4% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The State Tax Collections: Total Taxes for Louisiana metric tracks the aggregate value of all tax receipts received by the Louisiana state government, including individual income taxes, sales taxes, corporate taxes, and other state-level levies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Louisiana's fiscal health and economic activity, which is crucial information for policymakers, businesses, and individuals analyzing the state's economic performance and policy environment.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through quarterly surveys of state government finance.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Louisiana's fiscal policies, budget planning, and economic performance, which informs decision-making and policy development at the state level.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a lag of several months before the most recent figures are available.
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Citation
U.S. Federal Reserve, State Tax Collections: Total Taxes for Louisiana (QTAXTOTALQTAXCAT3LANO), retrieved from FRED.