In 2023, the United Kingdom led European countries in environmentally related tax revenue from transport in construction at $364.57 million, seeing a slight decline by 1.82% year-on-year. Switzerland and Denmark, succeeding in this roster, recorded minor increments and decrements at 2.41% and -0.69% respectively. Belgium, Cyprus, and Greece witnessed the most significant downturns, with Cyprus and Greece notably plummeting by 9.96% and 44.61%. The sector's Compound Annual Growth Rate over five years indicates moderate yet diverse trends, with disparities largely driven by policy changes and economic conditions in these countries.
Looking ahead, European countries are expected to adapt their transport taxation policies to align more with sustainability goals and electric vehicle adoption, potentially restructuring revenue streams for construction-related taxation. Monitoring regulatory shifts, technological advancements, and their implications on traditional fuel taxes remain critical for forecasting future trends in environmentally related tax revenue.
Top countries in Environmentally Related Tax Revenue from Taxes on Transport in Construction by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 364.57 | 2023 | -1.94% | -1.82% | View data |
| 2 | 2 Switzerland | 165.27 | 2023 | +2.76% | +2.41% | View data |
| 3 | 3 Denmark | 159.03 | 2023 | +1.02% | -0.69% | View data |
| 4 | 4 Sweden | 143.27 | 2023 | +1.35% | +1.67% | View data |
| 5 | 5 Netherlands | 120.84 | 2023 | -0.38% | -2.48% | View data |
| 6 | 6 Belgium | 111.64 | 2023 | -2.88% | -4.65% | View data |
| 7 | 7 Finland | 79.97 | 2023 | +1.69% | -0.55% | View data |
| 8 | 8 France | 67.26 | 2023 | -0.77% | -5.18% | View data |
| 9 | 9 Norway | 59.75 | 2023 | -0.4% | -1.27% | View data |
| 10 | 10 Austria | 59.38 | 2023 | +1.65% | +1.38% | View data |
