State Tax Collections: Total Taxes for North Carolina
This dataset tracks state tax collections: total taxes for north carolina over time.
Latest Value
9763.00
Year-over-Year Change
6.05%
Date Range
1/1/1994 - 1/1/2025
Summary
This trend measures the total tax revenue collected by the state government of North Carolina. 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 North Carolina metric tracks the aggregate tax receipts from various sources, including personal and corporate income taxes, sales taxes, and other levies. This data is used by policymakers, analysts, and businesses to assess North Carolina's economic and budgetary conditions.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of state government finance.
Historical Context
This metric helps inform state fiscal and economic policy decisions.
Key Facts
- North Carolina is the 9th most populous U.S. state.
- Tax revenue accounts for over 50% of North Carolina's state budget.
- The state relies heavily on sales and personal income taxes.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total tax revenue collected by the government of North Carolina, including personal income, sales, and other state taxes.
Q: Why is this trend relevant for users or analysts?
A: This data is important for assessing North Carolina's fiscal health, economic conditions, and the impact of tax 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 government finance.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform decisions around state budgets, taxation, and economic development initiatives in North Carolina.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, State Tax Collections: Total Taxes for North Carolina (QTAXTOTALQTAXCAT3NCNO), retrieved from FRED.