In 2023, European environmentally related tax revenues in accommodation and food services showed notable disparities. Italy led significantly at $36.97 million, with steady growth at a 3.03% year-on-year increase. The Netherlands exhibited strong growth momentum at 3.59%. In stark contrast, Hungary experienced a downturn with a -5.2% decline. Countries like Norway, Romania, and Cyprus displayed modest improvements. Over the past five years, expect steady growth and emerging leaders adapting to environmental regulations.
Future trends to monitor include:
- Impact of new EU environmental policies on tax revenue distribution.
- The shift towards eco-friendly practices in tourism affecting tax revenues.
- Innovation in sustainable infrastructure within hospitality sectors driving changes in tax revenue.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Accommodation and Food Service Activities Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 36.97 | 2023 | +1.79% | +3.03% | View data |
| 2 | 2 United Kingdom | 11.69 | 2023 | +1.52% | +1.56% | View data |
| 3 | 3 Spain | 11.63 | 2023 | +9.15% | +0.76% | View data |
| 4 | 4 Netherlands | 8.42 | 2023 | +10.48% | +3.59% | View data |
| 5 | 5 France | 7.75 | 2023 | +7.61% | +2.61% | View data |
| 6 | 6 Belgium | 4.89 | 2023 | +1.88% | +1.41% | View data |
| 7 | 7 Poland | 3.5 | 2023 | +1.88% | -2.53% | View data |
| 8 | 8 Switzerland | 2.63 | 2023 | +2.99% | +2.26% | View data |
| 9 | 9 Portugal | 2.39 | 2023 | +4.34% | +2.82% | View data |
| 10 | 10 Sweden | 1.87 | 2023 | +1.62% | +1.6% | View data |
