In 2023, Italy stood out with the highest environmentally related tax revenue in the manufacturing of electrical equipment sector, marking a significant increase of over 31%. Germany, despite being a leading economy, experienced an 8.52% decline, while Spain maintained a modest growth of 1.02%. Other countries like Ireland, Austria, and Slovakia showed positive but limited growth, whereas nations such as Greece, Portugal, and Cyprus saw declines. Finland and Estonia experienced minor shifts, and the figures for Latvia, Lithuania, and Iceland reflect negligible impacts.
Looking ahead, key trends in environmentally related tax revenues in this sector suggest a growing emphasis on sustainable practices across Europe. As countries bolster efforts to transition to greener economies, we anticipate increasing shifts in tax policies supporting environmental objectives. A broader adoption of sustainable technologies and practices will drive changes in tax revenue distributions, with potential for increased revenues in countries investing in clean technology within the electrical equipment manufacturing sector.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Manufacturing of Electrical Equipment Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 57.18 | 2023 | +5.69% | +31.38% | View data |
| 2 | 2 Germany | 16.62 | 2023 | -10.26% | -8.52% | View data |
| 3 | 3 Spain | 15.2 | 2023 | +1.51% | +1.02% | View data |
| 4 | 4 Ireland | 5.41 | 2023 | +4.78% | +0.57% | View data |
| 5 | 5 Austria | 3.13 | 2023 | +2.7% | +0.56% | View data |
| 6 | 6 Greece | 0.68 | 2023 | -1.15% | -0.15% | View data |
| 7 | 7 Finland | 0.65 | 2023 | +1.95% | -0.41% | View data |
| 8 | 8 Portugal | 0.38 | 2023 | -1.98% | -4.01% | View data |
| 9 | 9 Slovakia | 0.25 | 2023 | -2.73% | +3.26% | View data |
| 10 | 10 Croatia | 0.18 | 2023 | -2.06% | -1.6% | View data |
