The data for 2023 indicates fluctuations in environmentally related tax revenue from taxes on transport across different European countries in the manufacturing sectors mentioned. Ireland leads with a revenue of $42.19 million, showing a robust year-on-year growth of 2.57%. Conversely, Greece experienced the most significant decline with a decrease of 7.85%, signaling potential economic or policy challenges. Other notable growths include Hungary at 8.8% and Estonia at 5.7%, whereas countries like Belgium, Cyprus, and Iceland, saw contractions. The compound annual growth rate (CAGR) over the last five years reflects these variations, highlighting both emerging trends and areas of concern.
Future trends to watch for include the potential for further growth in countries investing in sustainable transport and manufacturing technologies. An increased focus on green policies and incentives by European governments could drive higher tax revenues, particularly as industries strive to meet environmental targets. However, fluctuations in economic conditions and policy changes remain critical factors that could influence these revenues in the coming years.
Top countries in Environmentally Related Tax Revenue from Taxes on Transport in Manufacturing of Furniture; Jewellery, Musical Instruments, Toys; Repair and Installation of Machinery and Equipment Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ireland | 42.19 | 2023 | +7.57% | +2.57% | View data |
| 2 | 2 Italy | 21.56 | 2023 | +0.3% | -0.26% | View data |
| 3 | 3 France | 10.81 | 2023 | +5.32% | +1.46% | View data |
| 4 | 4 Germany | 5.37 | 2023 | -0.23% | +0.64% | View data |
| 5 | 5 Austria | 5.03 | 2023 | +3.35% | +3.7% | View data |
| 6 | 6 Portugal | 2.74 | 2023 | +6.75% | +3.51% | View data |
| 7 | 7 Belgium | 2.7 | 2023 | -0.23% | -0.94% | View data |
| 8 | 8 Switzerland | 2.21 | 2023 | +0.74% | +0.1% | View data |
| 9 | 9 Czech Republic | 2.18 | 2023 | +1.17% | +0.62% | View data |
| 10 | 10 Greece | 1.43 | 2023 | -9.75% | -7.85% | View data |
