State Government Tax Collections, Motor Vehicle Operators Licenses in Virginia
VAMVOPERTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,446.00
Year-over-Year Change
-26.27%
Date Range
1/1/1951 - 1/1/2024
Summary
This economic trend measures the total tax revenue collected by the state government of Virginia from motor vehicle operator's licenses. It is an important indicator of transportation-related economic activity and a key source of state government funding.
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, Motor Vehicle Operators Licenses in Virginia metric tracks the total revenue generated by the Virginia state government through taxes and fees on motor vehicle operator's licenses. This data provides insight into transportation and infrastructure-related economic trends within the state.
Methodology
The data is collected by the U.S. Census Bureau through surveys of state government financial records.
Historical Context
Policymakers and transportation economists monitor this trend to assess the health of Virginia's transportation sector and inform infrastructure investment decisions.
Key Facts
- Virginia collected over $130 million in motor vehicle operator's license taxes in 2021.
- This revenue accounts for approximately 2% of total state government tax collections in Virginia.
- The trend has shown steady growth over the past decade, reflecting increased transportation activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total tax revenue collected by the state government of Virginia from motor vehicle operator's licenses.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into transportation-related economic activity and is a key source of funding for the Virginia state government's infrastructure investments.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of state government financial records.
Q: How is this trend used in economic policy?
A: Policymakers and transportation economists monitor this trend to assess the health of Virginia's transportation sector and inform infrastructure investment decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a several-month delay and may not capture all revenue sources or account for legislative changes.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Motor Vehicle Operators Licenses in Virginia (VAMVOPERTAX), retrieved from FRED.