In 2023, Italy's global tax expenditure on end-use electricity was the highest among the listed countries at 2.11 billion USD, with a year-on-year increase of 7.51%. Germany experienced a 5.28% decline to 1.75 billion USD, while the United States saw a 4.7% rise to 1.13 billion USD. Greece's expenditure slightly decreased by 0.99%, standing at 0.61299 billion USD. Canada's spending surged by 96.04% to 0.54277 billion USD. Finland saw a modest growth of 2.19%, with expenditures at 0.14936 billion USD. Both Austria and Ireland experienced minor declines, with respective values of 0.06568 billion USD and 0.01145 billion USD.
Future trends to watch for include:
- Increased government interventions and policies focused on renewable energy might shift tax expenditure patterns.
- Evolving economic conditions may impact budget allocations affecting end-use electricity expenditure.
- Technological advancements could drive efficiency improvements, influencing expenditure trends.
- Global geopolitical shifts could alter international trade and energy supply dynamics, impacting national tax expenditure on electricity.
Top countries in Tax Expenditure on End-Use Electricity for All Beneficiaries or Sectors by Country
| # | 8 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 2,110 | 2023 | +6.01% | +7.51% | View data |
| 2 | 2 Germany | 1,750 | 2023 | -5.98% | -5.28% | View data |
| 3 | 3 United States | 1,130 | 2023 | +0.16% | +4.7% | View data |
| 4 | 4 Greece | 612.99 | 2023 | +1.51% | -0.99% | View data |
| 5 | 5 Canada | 542.77 | 2023 | +30.14% | +96.04% | View data |
| 6 | 6 Finland | 149.36 | 2023 | +1.33% | +2.19% | View data |
| 7 | 7 Austria | 65.68 | 2023 | -2.11% | -2.33% | View data |
| 8 | 8 Ireland | 11.45 | 2023 | +9.79% | -2.14% | View data |
