The analysis of European National Taxes Less Subsidies on Products shows that in 2023, France led with €288.81 billion, followed by Belgium at €54.26 billion. Portugal, Ireland, Luxembourg, and Slovenia had moderate figures, while smaller economies like Montenegro and San Marino contributed the least. A year-on-year variation in 2023 highlighted Ireland's robust growth at 4.49%, whereas Andorra's figure decreased by 2.17%. Over the past five years, the compound annual growth rate indicates a consistent, albeit moderate, increase across most countries.
Future trends to watch include:
- The potential influence of economic policies on smaller nations such as Kosovo and Montenegro.
- Watch if Ireland maintains its high growth trajectory.
- Any shifts in subsidies or product taxes that may cause deviations in historical growth patterns, especially amidst economic and policy changes within the European Union.
- The continued impact of global economic conditions on the less positive growth in countries like Andorra and San Marino.
Top countries in National Taxes Less Subsidies on Products by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 288,810 | 2023 | +2.32% | +2% | View data |
| 2 | 2 Belgium | 54,260 | 2023 | +2.21% | +1.71% | View data |
| 3 | 3 Portugal | 30,060 | 2023 | +4.26% | +1.63% | View data |
| 4 | 4 Ireland | 26,730 | 2023 | +9.62% | +4.49% | View data |
| 5 | 5 Luxembourg | 6,420 | 2023 | +2.5% | +3.09% | View data |
| 6 | 6 Slovenia | 6,410 | 2023 | +4.9% | +1.62% | View data |
| 7 | 7 Latvia | 4,420 | 2023 | +3.05% | +2.83% | View data |
| 8 | 8 Estonia | 4,100 | 2023 | +3.76% | +3.98% | View data |
| 9 | 9 Kosovo | 1,480 | 2023 | +7.46% | +2.93% | View data |
| 10 | 10 Montenegro | 988.34 | 2023 | +8.89% | +3.48% | View data |
