The global tax expenditure on end-use electricity for consumers in 2023 revealed significant variability across countries. Moldova maintained the highest expenditure at 0.22% of GDP. Italy saw a moderate increase to 0.11%, while Finland remained steady at 0.05%. Germany reported a slight increase to 0.024%, and the United States experienced significant growth, now at 0.013%. Austria's expenditure slightly reduced to 0.011%, whereas France saw an increase to 0.01%. Canada, with the highest year-on-year increase, stood at 0.006%. This wide range of expenditures highlights differing energy taxation policies and economic strategies.
Future trends to watch include:
- Increasing emphasis on renewable energy and its impact on tax structures.
- Potential shifts in government policies affecting tax expenditure as economies strive for energy efficiency.
- The influence of global energy prices on national tax revenues related to electricity.
Top countries in Tax Expenditure on End-Use Electricity for Consumers by Country
| # | 8 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Moldova | 0.22 | 2023 | -7.23% | -5.93% | View data |
| 2 | 2 Italy | 0.11 | 2023 | +5.88% | +9.06% | View data |
| 3 | 3 Finland | 0.05 | 2023 | +2.04% | +0.4% | View data |
| 4 | 4 Germany | 0.024 | 2023 | +4.35% | +5.92% | View data |
| 5 | 5 United States | 0.013 | 2023 | +18.18% | +26.58% | View data |
| 6 | 6 Austria | 0.011 | 2023 | -15.38% | -7.22% | View data |
| 7 | 7 France | 0.01 | 2023 | +11.11% | +10.76% | View data |
| 8 | 8 Canada | 0.006 | 2023 | 0% | +43.1% | View data |
