In 2023, Hungary led Europe in environmentally related tax revenue from taxes on pollution in the manufacturing of computer, electronic, and optical products, reaching 44.7 million USD. Sweden and France followed with notable contributions of 35.23 million USD and 8.41 million USD, respectively. Hungary and Sweden saw positive year-on-year growth, with Hungary experiencing a 9.19% increase and Sweden 9.1%. Conversely, Italy and the United Kingdom faced declines, registering -6.87% and -19.38%, respectively. Ireland showed a significant growth of 24.46%, marking it as the highest year-on-year increase among the recorded countries. Slovenia experienced the most considerable decrease at -28.58%.
Future trends to watch include the potential impact of stricter EU environmental regulations on tax revenues. Nations like Ireland could continue to see substantial growth as they enhance sustainability efforts, while countries with declining trends may need to innovate their environmental policies to stabilize and grow their revenue. Observing emerging technologies' influence on manufacturing processes will be critical, as these may affect pollution levels and associated tax revenues.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Manufacturing of Computer, Electronic and Optical Products Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 44.7 | 2023 | +4.33% | +9.19% | View data |
| 2 | 2 Sweden | 35.23 | 2023 | +6.46% | +9.1% | View data |
| 3 | 3 France | 8.41 | 2023 | +1.82% | +5.45% | View data |
| 4 | 4 Switzerland | 6.89 | 2023 | +0.56% | +2.04% | View data |
| 5 | 5 Italy | 1.33 | 2023 | -3.93% | -6.87% | View data |
| 6 | 6 United Kingdom | 1.11 | 2023 | -29.34% | -19.38% | View data |
| 7 | 7 Ireland | 0.69 | 2023 | +11.63% | +24.46% | View data |
| 8 | 8 Belgium | 0.68 | 2023 | -4.95% | -4.04% | View data |
| 9 | 9 Austria | 0.58 | 2023 | +4.86% | +0.68% | View data |
| 10 | 10 Serbia | 0.25 | 2023 | +3.72% | +2.35% | View data |
