In 2023, Italy led the European countries in environmentally related tax revenue from energy taxes in the manufacturing of fabricated metal products, except machinery and equipment, with a significant increment of 10.47% year-on-year. The UK followed, alongside moderate performers like the Netherlands. In contrast, Spain and Poland experienced declines in their revenues, with Austria registering a substantial drop of 19.62%. The overall 2023 trend indicates a mixed performance across Europe, with both growth and declines.
Future trends to watch:
- Impact of stricter EU energy policies on tax revenues.
- Potential reallocation of tax structures in response to economic shifts.
- Possible technological advancements influencing manufacturing energy efficiency and subsequently tax revenue.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing of Fabricated Metal Products (Except Machinery and Equipment) by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 968.73 | 2023 | +3.36% | +10.47% | View data |
| 2 | 2 United Kingdom | 174.18 | 2023 | +1.82% | +2.01% | View data |
| 3 | 3 Spain | 109.26 | 2023 | +1.43% | -1.48% | View data |
| 4 | 4 Netherlands | 108.85 | 2023 | +5.31% | +4.42% | View data |
| 5 | 5 Poland | 86.31 | 2023 | +0.24% | -4.23% | View data |
| 6 | 6 Czech Republic | 54.43 | 2023 | -2.28% | -2.62% | View data |
| 7 | 7 Belgium | 53.6 | 2023 | +1.77% | +1.38% | View data |
| 8 | 8 Greece | 44.25 | 2023 | -1.27% | -0.78% | View data |
| 9 | 9 Portugal | 41.62 | 2023 | +1.5% | -1.26% | View data |
| 10 | 10 Romania | 25.05 | 2023 | +1.6% | +0.79% | View data |
