In 2023, France leads European tax revenue from energy taxes in manufacturing chemicals and pharmaceuticals at $44.66 million, despite a decline of 2.99%. Germany follows, showing slight growth of 0.88% to $23.83 million. Poland and Hungary mark robust annual increases at 8.98% and 15.49%, respectively. In contrast, Finland and Denmark experience significant drops of over 9%. Other countries like Italy and Slovenia see modest declines. The average compound annual growth rate (CAGR) will illustrate longer trends.
Future trends to watch include continued shifts toward renewable energy and the potential impact of stricter environmental regulations, especially in leading economies like Germany and France, which could reshape tax revenue dynamics substantially over the coming years.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing of Chemicals, Basic Pharmaceuticals and Preparations Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 44.66 | 2023 | -0.42% | -2.99% | View data |
| 2 | 2 Germany | 23.83 | 2023 | +0.77% | +0.88% | View data |
| 3 | 3 Italy | 7.66 | 2023 | +0.53% | -0.19% | View data |
| 4 | 4 Poland | 6.33 | 2023 | +4.4% | +8.98% | View data |
| 5 | 5 Netherlands | 4.67 | 2023 | +2.16% | +3.22% | View data |
| 6 | 6 Spain | 3.96 | 2023 | +4.59% | +2.74% | View data |
| 7 | 7 Serbia | 2.65 | 2023 | +2.72% | -0.21% | View data |
| 8 | 8 Slovenia | 1.72 | 2023 | -2.48% | -3.7% | View data |
| 9 | 9 Lithuania | 1.53 | 2023 | +6.29% | +3.86% | View data |
| 10 | 10 Hungary | 1.16 | 2023 | +3.23% | +15.49% | View data |
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