In 2023, Italy led European countries with the highest environmentally related tax revenue from accommodation and food services at $1.48 billion USD. The United Kingdom followed with $0.52 billion USD, while Spain, Germany, and the Netherlands recorded $0.41, $0.39, and $0.39 billion USD respectively. Conversely, nations like Lithuania, Malta, and Estonia generated less than $0.01 billion USD. Year-on-year variations indicated significant growth for Switzerland (2.17%) and Greece (0.73%), contrasted by declines in Poland (-3.02%), Ireland (-2.38%), and Denmark (-16.04%). Looking at the five-year compound annual growth rates, forecasting future trends will show substantial growth potential for sustainable tourism revenue in environmentally progressive regions.
Future trends to watch in this niche include:
- Increased tax revenue from countries investing in green tourism initiatives and sustainable operations.
- Potential decline in tax collections from economies struggling with eco-tourism adaptations.
- Advancements in EU environmental policies, influencing tax collection rates across member states.
- Shifts in consumer preference toward sustainable travel, potentially redistributing tax revenue.
- Impact of economic recovery post-pandemic on travel and related tax earnings.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Accommodation and Food Service Activities by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,480 | 2023 | +1.37% | +1.86% | View data |
| 2 | 2 United Kingdom | 520.11 | 2023 | +1.19% | +0.84% | View data |
| 3 | 3 Spain | 406.51 | 2023 | +7.7% | -0.95% | View data |
| 4 | 4 Germany | 389.96 | 2023 | +0.8% | +0.27% | View data |
| 5 | 5 Netherlands | 388.31 | 2023 | +10.03% | +3.19% | View data |
| 6 | 6 France | 320.25 | 2023 | +2.95% | +0.46% | View data |
| 7 | 7 Belgium | 220.33 | 2023 | +1.68% | +0.58% | View data |
| 8 | 8 Greece | 180 | 2023 | +0.82% | +0.73% | View data |
| 9 | 9 Switzerland | 155.5 | 2023 | +3.14% | +2.17% | View data |
| 10 | 10 Sweden | 87.68 | 2023 | +0.75% | -0.059% | View data |
