In 2023, measured in million US dollars, Panama led with $169.37M, while Lithuania reported just $0.0037M. The year saw significant declines for Panama and the UK, with decreases of 4.08% and 2.45% respectively. Conversely, France and Rwanda experienced the largest growth at 9.29% and 13.19%. Future trends predict:
- Emerging markets like Rwanda are anticipated to continue growing as governments enhance property tax systems.
- Developed countries may see stabilized or declining figures due to refined taxation policies.
- The global outlook suggests technological advances in tax collection and administration may become pivotal, potentially altering traditional revenue streams.
Top countries in Recurrent Household Immovable Property Tax Revenue Perceived by a Federal or Central Government by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Panama | 169.37 | 2023 | +1.51% | -4.08% | View data |
| 2 | 2 Vietnam | 96.3 | 2023 | +2.7% | +3.42% | View data |
| 3 | 3 Dominican Republic | 65.35 | 2023 | +3.88% | +5.05% | View data |
| 4 | 4 Antigua and Barbuda | 11.28 | 2023 | +3.3% | +7.54% | View data |
| 5 | 5 Guyana | 5.92 | 2023 | +5.61% | +3.89% | View data |
| 6 | 6 Tunisia | 5.77 | 2023 | +0.49% | +3.64% | View data |
| 7 | 7 Rwanda | 2.79 | 2023 | +5.99% | +13.19% | View data |
| 8 | 8 Netherlands | 2.43 | 2023 | +4.38% | +1.63% | View data |
| 9 | 9 Togo | 1.44 | 2023 | +3.63% | +4.67% | View data |
| 10 | 10 United Kingdom | 0.41 | 2023 | -1.5% | -2.45% | View data |
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