State Government Tax Collections, Hunting and Fishing Licenses in Utah
UTHUNTLICTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,148.00
Year-over-Year Change
18.90%
Date Range
1/1/1942 - 1/1/2024
Summary
This economic trend measures state government tax revenue from hunting and fishing licenses in Utah. It provides insights into the recreational activities and outdoor 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, Hunting and Fishing Licenses in Utah' metric tracks the total tax revenue generated by the sale of hunting and fishing licenses in the state. This data point is used by economists and policymakers to analyze trends in outdoor recreation, tourism, and the broader natural resources industry in Utah.
Methodology
The data is collected and reported by the Utah State Tax Commission.
Historical Context
This trend is relevant for understanding the economic impact of outdoor recreation and environmental policy in Utah.
Key Facts
- Utah ranked 5th nationally in 2021 for total fishing license sales.
- Hunting and fishing licenses account for over $100 million in annual tax revenue for Utah.
- Outdoor recreation generates over $6 billion in consumer spending in Utah each year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total state government tax revenue generated from the sale of hunting and fishing licenses in Utah.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the scale and economic importance of outdoor recreation and the natural resources industry in Utah.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Utah State Tax Commission.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to understand the fiscal impact of hunting, fishing, and other outdoor activities in Utah.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis with minimal delays, providing timely insights into this economic sector.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Hunting and Fishing Licenses in Utah (UTHUNTLICTAX), retrieved from FRED.