In 2023, European Environmentally Related Tax Revenue from Taxes on Pollution in Human Health Activities showed Italy leading with $8.76 million but experiencing a significant decrease of -9.91%. Belgium followed with $8.02 million and a minor decline of -1.43%. France saw an increase of 4.97% and collected $5.21 million. Poland, Switzerland, and Denmark displayed varied performances, with changes of -2.02%, 0.81%, and 1.43% respectively. Portugal, though smaller in volume, increased by 2.65%. Meanwhile, countries like Hungary and Lithuania saw significant percentage increases despite smaller values. The compound annual growth rate (CAGR) for the past five years reflects a diversified trajectory among these countries.
Future trends to watch include policy changes in environmental taxation across Europe, which may impact revenue generation. Increasing regulations to combat pollution could lead to higher tax enforcement and compliance, potentially boosting revenue. Furthermore, shifts towards sustainable practices and renewable energy might decrease tax bases, influencing future contributions differently across European nations. Close attention to economic conditions and legislative shifts will be crucial for forecasting trends in this sector.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Human Health Activities by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 8.76 | 2023 | -6.39% | -9.91% | View data |
| 2 | 2 Belgium | 8.02 | 2023 | -1.09% | -1.43% | View data |
| 3 | 3 France | 5.21 | 2023 | +4.15% | +4.97% | View data |
| 4 | 4 Poland | 5.18 | 2023 | -2.7% | -2.02% | View data |
| 5 | 5 Switzerland | 4.79 | 2023 | -0.0076% | +0.81% | View data |
| 6 | 6 Denmark | 3.12 | 2023 | +0.082% | +1.43% | View data |
| 7 | 7 Portugal | 0.72 | 2023 | +1.03% | +2.65% | View data |
| 8 | 8 Sweden | 0.53 | 2023 | +6.52% | +1.77% | View data |
| 9 | 9 Norway | 0.36 | 2023 | +3.68% | View data | |
| 10 | 10 Hungary | 0.22 | 2023 | +4.67% | +8.68% | View data |
