In 2023, the United States led globally in taxes less subsidies on products, with India and Saudi Arabia showing substantial year-on-year growth. Germany, Italy, and Japan faced marginal declines. Emerging markets such as Nepal, Azerbaijan, and Sudan exhibited sharp increases, indicating economic shifts. Stable trends were noted in major European countries like France, Spain, and the UK. Notable was Sudan’s drastic growth in 2023, reflecting macroeconomic changes.
Future trends suggest increased volatility due to geopolitical influences, especially impacting Russia and Ukraine. Watch for growing contributions from Asian and African markets, potentially reshaping economic balances globally in product taxation and subsidies.
Top countries in Taxes Less Subsidies on Products by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 830,340,000,000 | 2023 | +1.87% | +1.63% | View data |
| 2 | 2 Germany | 390,150,000,000 | 2023 | +0.9% | -0.14% | View data |
| 3 | 3 India | 328,270,000,000 | 2023 | +4.78% | +5.88% | View data |
| 4 | 4 United Kingdom | 324,680,000,000 | 2023 | +1.26% | +0.96% | View data |
| 5 | 5 France | 303,400,000,000 | 2023 | +3.67% | -0.36% | View data |
| 6 | 6 Brazil | 267,800,000,000 | 2023 | +2.71% | -0.29% | View data |
| 7 | 7 Russia | 208,980,000,000 | 2023 | -0.013% | +3.49% | View data |
| 8 | 8 Italy | 208,630,000,000 | 2023 | +1.2% | -0.57% | View data |
| 9 | 9 South Korea | 153,640,000,000 | 2023 | +6.75% | +0.9% | View data |
| 10 | 10 Canada | 142,300,000,000 | 2023 | +1.92% | +3.9% | View data |
