In 2023, Italy led the European environmentally related tax revenue in the manufacturing of electrical equipment with a notable value of 47.94 million US dollars PPP, followed by Spain and Germany with 13.72 and 13.42 million respectively. Italy showed the most significant year-on-year increase at 32.66%, while Germany experienced a notable decline of 7.02%. France saw a small positive variation, and the UK had a modest decrease of 1.68%. Meanwhile, in smaller economies like Lithuania and Slovakia, the variations were positive, albeit small in absolute terms.
Future trends to watch in this sector include potential increases in environmentally related taxes as countries focus on achieving sustainability goals. The variation in tax revenues will likely reflect broader economic policies aimed at encouraging green energy use in manufacturing processes. Monitoring the alignment of fiscal measures with environmental targets will be pivotal in understanding shifts in these revenues.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Manufacturing of Electrical Equipment Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 47.94 | 2023 | +5.81% | +32.66% | View data |
| 2 | 2 Spain | 13.72 | 2023 | +1.15% | +1.34% | View data |
| 3 | 3 Germany | 13.42 | 2023 | -8.92% | -7.02% | View data |
| 4 | 4 France | 8.68 | 2023 | +3.88% | +1.75% | View data |
| 5 | 5 Ireland | 3.79 | 2023 | +3.63% | -0.36% | View data |
| 6 | 6 United Kingdom | 2.59 | 2023 | -2.54% | -1.68% | View data |
| 7 | 7 Austria | 2.35 | 2023 | +2.72% | +1.22% | View data |
| 8 | 8 Czech Republic | 2.28 | 2023 | +0.55% | +0.19% | View data |
| 9 | 9 Romania | 1.49 | 2023 | +1.86% | -1.3% | View data |
| 10 | 10 Belgium | 1.3 | 2023 | +1.06% | +0.72% | View data |
