In 2023, the United Kingdom led the European Environmentally Related Tax Revenue with $82.7 million in the transport sector for manufacturing basic and fabricated metals, showing a slight year-on-year increase of 0.93%. France and Switzerland followed with $27.0 million and $21.33 million, respectively, while experiencing a decline of 4.71% and a small rise of 0.44%. The Netherlands, Austria, and Denmark showed moderate declines, with Austria's tax revenue falling by 1.28%. On the contrary, Sweden and Hungary reflected positive growth, while Greece observed a significant drop of 10.12%.
Future trends to watch include:
- Implementation of stricter environmental policies that could heighten tax revenues.
- Technological advancements could reduce emissions, potentially influencing tax revenue.
- Varying country responses to climate change regulations affecting their tax structures.
- Potential economic fluctuations across Europe that might alter manufacturing activities and related tax revenues.
Top countries in Environmentally Related Tax Revenue from Taxes on Transport in Manufacturing of Basic Metals and Fabricated Metal Products (Except Machinery and Equipment) by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 82.7 | 2023 | +1.95% | +0.93% | View data |
| 2 | 2 France | 27 | 2023 | +0.57% | -4.71% | View data |
| 3 | 3 Switzerland | 21.33 | 2023 | +1.07% | +0.44% | View data |
| 4 | 4 Netherlands | 17.03 | 2023 | +2.33% | -2.06% | View data |
| 5 | 5 Austria | 16.04 | 2023 | -1.06% | -1.28% | View data |
| 6 | 6 Denmark | 10.98 | 2023 | +0.68% | -0.27% | View data |
| 7 | 7 Sweden | 10.04 | 2023 | +0.55% | +2.47% | View data |
| 8 | 8 Czech Republic | 6.41 | 2023 | +0.37% | -2.37% | View data |
| 9 | 9 Slovakia | 4.83 | 2023 | +0.33% | -0.69% | View data |
| 10 | 10 Greece | 3.37 | 2023 | -12.15% | -10.12% | View data |
