The United States leads significantly in the Global Taxes Less Subsidies on Products Share, capturing a dominant position ahead of Germany, India, and the United Kingdom. While the U.S. saw a slight growth of 1.63%, India experienced a robust 5.88% increase, reflecting a trend of rising economic influence. In contrast, Germany and several European nations displayed minimal to negative changes. Notably, Sudan exhibited a dramatic 93.83% increase. Countries such as Saudi Arabia and Tanzania also demonstrated substantial upticks alongside Japan and Nigeria, signaling economic shifts potentially due to policy or market changes.
Looking ahead, countries like India, Japan, and Nigeria are anticipated to continue their growth trajectory due to dynamic market conditions and governmental reforms. Observing North America's stabilization and Asia's vibrant economic landscape will be key. Declining trends in some European and African regions might affect economic balance unless countered by strategic policies.
Top countries in Taxes Less Subsidies on Products Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 16.67 | 2023 | +1.87% | +1.63% | View data |
| 2 | 2 Germany | 7.83 | 2023 | +0.9% | -0.14% | View data |
| 3 | 3 India | 6.59 | 2023 | +4.78% | +5.88% | View data |
| 4 | 4 United Kingdom | 6.52 | 2023 | +1.26% | +0.96% | View data |
| 5 | 5 France | 6.09 | 2023 | +3.67% | -0.36% | View data |
| 6 | 6 Brazil | 5.38 | 2023 | +2.71% | -0.29% | View data |
| 7 | 7 Russia | 4.2 | 2023 | -0.013% | +3.49% | View data |
| 8 | 8 Italy | 4.19 | 2023 | +1.2% | -0.57% | View data |
| 9 | 9 South Korea | 3.09 | 2023 | +6.75% | +0.9% | View data |
| 10 | 10 Canada | 2.86 | 2023 | +1.92% | +3.9% | View data |
