Percent Change
This dataset tracks percent change over time.
Latest Value
-1.00
Year-over-Year Change
-62.96%
Date Range
10/1/2012 - 1/1/2025
Summary
The Percent Change trend measures the quarterly change in state and local government tax revenue. This metric is a key indicator of economic activity and fiscal health.
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 Percent Change in State and Local Tax Revenue tracks the quarterly change in total tax collections by state and local governments. It provides insight into economic conditions and the fiscal situation of state and local jurisdictions.
Methodology
The data is compiled by the U.S. Census Bureau from state and local government tax revenue reports.
Historical Context
Economists and policymakers monitor this trend to assess the broader economic landscape and the financial standing of state and local governments.
Key Facts
- Percent Change is reported quarterly.
- Tax revenue is a major source of funding for state and local governments.
- Fluctuations in tax revenue can impact public services and budgets.
FAQs
Q: What does this economic trend measure?
A: The Percent Change trend measures the quarterly change in total tax revenue collected by state and local governments in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the fiscal health and economic conditions of state and local jurisdictions, which is crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Census Bureau from state and local government tax revenue reports.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the broader economic landscape and the financial standing of state and local governments, which can inform fiscal and economic policies.
Q: Are there update delays or limitations?
A: The Percent Change data is reported quarterly, and there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Percent Change (REV6222TAXABL157QNSA), retrieved from FRED.