The global tax expenditure on natural gas for consumers shows significant variability among countries, relative to their GDP. The United Kingdom has the highest expenditure at 0.16% of GDP, followed by Moldova at 0.14%. Countries like Canada, China, and the United States report minimal tax expenditures of 0.008%, 0.006%, and 0.004% respectively. Over the last year, expenditures increased notably in Switzerland (7.89%) and France (3.99%), while Moldova and Estonia saw considerable declines of 13.51% and 12.94% respectively. Australia experienced a drastic reduction, with a decrease of 100% in tax expenditure.
Future trends to watch include potential shifts in energy policies affecting tax rates due to geopolitical factors and environmental agendas. Key areas include watching Europe’s adjustment strategies given its high emphasis on gas, the potential changes in developing countries' tax structures, and the sustainability-driven policies in advanced economies striving for greener energy solutions.
Top countries in Tax Expenditure on Natural Gas for Consumers by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 0.16 | 2023 | -1.89% | +0.13% | View data |
| 2 | 2 Moldova | 0.14 | 2023 | -15.62% | -13.51% | View data |
| 3 | 3 Lithuania | 0.09 | 2023 | -9.09% | -6.51% | View data |
| 4 | 4 Brazil | 0.075 | 2023 | -2.6% | -4.62% | View data |
| 5 | 5 Hungary | 0.049 | 2023 | -5.77% | -6.34% | View data |
| 6 | 6 France | 0.045 | 2023 | +4.65% | +3.99% | View data |
| 7 | 7 Austria | 0.041 | 2023 | -6.82% | -3.5% | View data |
| 8 | 8 Czech Republic | 0.038 | 2023 | 0% | +0.53% | View data |
| 9 | 9 Switzerland | 0.038 | 2023 | +5.56% | +7.89% | View data |
| 10 | 10 Latvia | 0.024 | 2023 | -27.27% | -4.36% | View data |
