The 2023 data reveal a varying landscape in tax expenditures on natural gas across countries. The United Kingdom leads with $6.11 billion, followed by Mexico at $3.05 billion, showing a significant increase of 125.98% year-on-year. France, China, and Brazil experience moderate growth, while the United States and Germany see slight declines. Denmark's expenditure rose notably by 36.25%. Over the last five years, the compound annual growth rate indicates Mexico's leadership in growth, with a steady increase also seen in China, Colombia, and Switzerland.
Future trends to watch include:
- The impact of energy transition policies on future tax expenditures.
- The role of geopolitical developments in shaping natural gas markets.
- Ongoing global efforts towards energy diversification and sustainability.
Top countries in Tax Expenditure on Natural Gas for All Beneficiaries or Sectors by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 6,110 | 2023 | -0.28% | +1.69% | View data |
| 2 | 2 Mexico | 3,050 | 2023 | +28.37% | +125.98% | View data |
| 3 | 3 France | 1,420 | 2023 | +7.64% | +3.9% | View data |
| 4 | 4 China | 1,310 | 2023 | +3.52% | +8.4% | View data |
| 5 | 5 Brazil | 1,110 | 2023 | -10.64% | -10.64% | View data |
| 6 | 6 United States | 996.22 | 2023 | -8.48% | -7.4% | View data |
| 7 | 7 Germany | 871.57 | 2023 | -1.87% | -1.39% | View data |
| 8 | 8 Canada | 537.26 | 2023 | -5.52% | -5.71% | View data |
| 9 | 9 Denmark | 483.93 | 2023 | +19.78% | +36.25% | View data |
| 10 | 10 Japan | 339.92 | 2023 | +0.9% | +3.1% | View data |
