In 2023, Spain led European countries in Environmentally Related Tax Revenue from Pollution in the Manufacturing of Rubber and Plastic Products, followed by Hungary and France. The data shows a mixed growth trend across the region with Spain experiencing a 5.67% increase while Italy saw a slight decline of 0.16%. Notably, Lithuania and Serbia registered significant growth rates of 10.63% and 7.74%, respectively. Conversely, Denmark and Iceland experienced substantial declines. The compound annual growth rate (CAGR) over the last five years would indicate moderate growth in some countries, counterbalanced by declines in others such as Austria and the United Kingdom.
Future trends to watch include the impact of increasingly stringent environmental regulations and technological advancements which may further influence tax revenues. Countries showing innovation in eco-friendly manufacturing may see a reduction in pollution taxes, while nations boosting regulatory frameworks could witness fluctuating revenue trends.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Manufacturing of Rubber and Plastic Products by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 17.72 | 2023 | +12% | +5.67% | View data |
| 2 | 2 Hungary | 16.13 | 2023 | +3.84% | +3.73% | View data |
| 3 | 3 France | 12.62 | 2023 | +4.69% | +1.29% | View data |
| 4 | 4 Poland | 11.86 | 2023 | -0.045% | +0.76% | View data |
| 5 | 5 Italy | 5.07 | 2023 | +0.25% | -0.16% | View data |
| 6 | 6 United Kingdom | 4.53 | 2023 | -3.45% | -3.86% | View data |
| 7 | 7 Switzerland | 2.85 | 2023 | -0.017% | +2.31% | View data |
| 8 | 8 Austria | 1.14 | 2023 | +1.83% | -3.92% | View data |
| 9 | 9 Lithuania | 0.58 | 2023 | +4.62% | +10.63% | View data |
| 10 | 10 Malta | 0.57 | 2023 | +1.66% | +4.77% | View data |
