Annual, Not Seasonally Adjusted
SLGSTPA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-167,413.00
Year-over-Year Change
54.49%
Date Range
1/1/1946 - 1/1/2016
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the total value of state and local government sales tax receipts in the United States. This metric provides insights into consumer spending and revenue generation at the state and local level.
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
This data series tracks the annual total of state and local sales tax collections, without adjusting for seasonal variation. It offers an important gauge of economic activity and consumer demand across different jurisdictions.
Methodology
The data is collected through surveys of state and local government fiscal authorities.
Historical Context
State and local sales tax revenues are a key input for policymakers and budgeters at those levels of government.
Key Facts
- Sales tax collections totaled over $1 trillion in 2021.
- State and local sales taxes account for over 30% of total tax revenue.
- Sales tax trends can indicate changes in consumer confidence and economic growth.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series tracks the total value of state and local government sales tax receipts in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and revenue generation at the state and local level, which is crucial information for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of state and local government fiscal authorities.
Q: How is this trend used in economic policy?
A: State and local sales tax revenues are a key input for policymakers and budgeters at those levels of government, as they indicate economic activity and consumer demand.
Q: Are there update delays or limitations?
A: The data is reported annually, with some potential delays in reporting from state and local sources.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SLGSTPA027N), retrieved from FRED.