State Government Tax Collections, Amusements Licenses in Rhode Island
RIAMSLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
291.00
Year-over-Year Change
144.54%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures state government tax collections from amusements licenses in Rhode Island. It provides insights into the recreational and entertainment industry in the state.
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 Government Tax Collections, Amusements Licenses in Rhode Island series tracks the revenue generated by the state government from taxes on amusement-related licenses and permits. This data is used by policymakers and economists to analyze economic activity and consumer trends in Rhode Island's entertainment and leisure sectors.
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 economic indicator is relevant for assessing the performance and outlook of Rhode Island's tourism, hospitality, and recreation industries.
Key Facts
- Rhode Island's amusements licenses tax revenue totaled $10.3 million in 2021.
- The amusements licenses tax accounts for about 1.3% of Rhode Island's total state tax collections.
- Amusements licenses tax revenue has grown by 8.4% on average over the past 5 years in Rhode Island.
FAQs
Q: What does this economic trend measure?
A: This trend measures the tax revenue collected by the state government of Rhode Island from licenses and permits related to amusements, entertainment, and recreational activities.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the performance and growth of Rhode Island's tourism, hospitality, and leisure industries, which are important contributors to the state's economy.
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 and economists use this data to assess the health and outlook of Rhode Island's recreation and entertainment sectors, which can inform decisions on economic development, tourism promotion, and tax policy.
Q: Are there update delays or limitations?
A: The data is reported quarterly by the U.S. Census Bureau, with a lag of several months, so there may be delays in the most recent observations.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Amusements Licenses in Rhode Island (RIAMSLICTAX), retrieved from FRED.