In 2023, Italy led in European environmentally related tax revenue from the manufacturing sectors of furniture, jewellery, musical instruments, toys, and the repair and installation of machinery and equipment, with $46.08 million PPP (2015). France followed with $22.18 million. Italy saw a decline of 6.04% from the previous year, whereas France experienced a 1.17% increase. Poland faced a reduction of 1.16% in revenue. Portugal showed a moderate growth of 1.35%, while Hungary achieved a higher growth at 3.18%. Switzerland and Ireland registered declines, whereas Denmark experienced a substantial drop of 11.52%. Countries like Norway and Slovakia exhibited significant growths of 6.64% and 6.8%, respectively.
Future trends to watch include:
- The increasing focus on environmental policies may alter the fiscal landscape, affecting tax revenues.
- Technological advancements in manufacturing might reduce energy consumption and, consequently, related taxes.
- Potential policy harmonization across the EU could lead to more uniform tax structures.
- Economic recovery and growth in specific sectors might influence tax revenue trends.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing of Furniture; Jewellery, Musical Instruments, Toys; Repair and Installation of Machinery and Equipment Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 46.08 | 2023 | -1.19% | -6.04% | View data |
| 2 | 2 France | 22.18 | 2023 | +4.65% | +1.17% | View data |
| 3 | 3 Poland | 15.59 | 2023 | +1.13% | -1.16% | View data |
| 4 | 4 Portugal | 3.16 | 2023 | +5.37% | +1.35% | View data |
| 5 | 5 Hungary | 2.15 | 2023 | +3.51% | +3.18% | View data |
| 6 | 6 Romania | 2.08 | 2023 | -1.62% | -0.72% | View data |
| 7 | 7 Switzerland | 2.03 | 2023 | +1.27% | -0.2% | View data |
| 8 | 8 Greece | 1.74 | 2023 | -0.21% | +0.63% | View data |
| 9 | 9 Ireland | 1.3 | 2023 | +1.27% | -3.12% | View data |
| 10 | 10 Denmark | 1.16 | 2023 | -10.51% | -11.52% | View data |
