The European environmentally related tax revenue from taxes on transport in the financial and insurance sectors shows a distinct variation across countries. Denmark leads with the highest revenue, despite a slight decline in 2023. Ireland displays a significant uptick with an 17.88% increase, contrasting with Greece's substantial decline of 37.28%. The United Kingdom, France, and Italy all experience small positive growth. Poland, Belgium, Portugal, Sweden, Czech Republic, and others see varying degrees of decline or modest increases. Over the last five years, most countries faced mixed trends with a tangible impact on their revenue growth rates.
Future trends to watch include the adoption of greener technologies and transportation modes, which may influence tax structures. Policymakers are anticipated to innovate tax frameworks that mirror sustainable initiatives. The transition towards electric vehicles and increased investments in sustainable transport infrastructure could reshape revenue streams profoundly.
Top countries in Environmentally Related Tax Revenue from Taxes on Transport in Financial and Insurance Activities by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 721.64 | 2023 | +3.07% | -0.073% | View data |
| 2 | 2 Norway | 498.93 | 2023 | -1.57% | -3.58% | View data |
| 3 | 3 United Kingdom | 375.23 | 2023 | +0.68% | +0.82% | View data |
| 4 | 4 France | 232.8 | 2023 | +5.51% | +0.89% | View data |
| 5 | 5 Ireland | 80.57 | 2023 | +10.5% | +17.88% | View data |
| 6 | 6 Italy | 79.75 | 2023 | +1.85% | +2.51% | View data |
| 7 | 7 Poland | 37.37 | 2023 | +0.91% | -1.92% | View data |
| 8 | 8 Netherlands | 30.34 | 2023 | +8.39% | +1.37% | View data |
| 9 | 9 Belgium | 27.22 | 2023 | -5.17% | -5.7% | View data |
| 10 | 10 Austria | 22.66 | 2023 | +3.61% | +2.89% | View data |
