In 2023, Sweden led European Environmentally Related Tax Revenue from Taxes on Energy in Forestry and Logging with a slight decline of 0.052%. Germany and Latvia saw growth, at 2.64% and 6.25%, respectively. Estonia witnessed a notable increase of 6.73%, while the Netherlands and Slovenia reported significant growth at 5.7% and 7.57%. Meanwhile, Slovakia experienced a substantial decrease of 18.88%. Overall, the region displayed varied trends, with some significant growth and declines across different countries. Over five years, there were mixed compound annual growth rates, indicating diverse developments within the sector.
Future trends to watch include the impact of evolving EU energy policies aimed at reducing carbon footprints. Increased investments in renewable energy and efficiency improvements in forestry and logging can reshape tax revenues. Monitoring these developments will be crucial for forecasting future tax revenue trends in this sector.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Forestry and Logging by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 171.66 | 2023 | -0.1% | -0.052% | View data |
| 2 | 2 Germany | 103.25 | 2023 | +2.44% | +2.64% | View data |
| 3 | 3 Latvia | 80.05 | 2023 | +5.5% | +6.25% | View data |
| 4 | 4 France | 71.64 | 2023 | +3.83% | +0.71% | View data |
| 5 | 5 Poland | 48.94 | 2023 | +1.58% | +0.98% | View data |
| 6 | 6 Italy | 37.63 | 2023 | +1.77% | +2.71% | View data |
| 7 | 7 Estonia | 35.76 | 2023 | +14.15% | +6.73% | View data |
| 8 | 8 Czech Republic | 31.38 | 2023 | -3.85% | -2.25% | View data |
| 9 | 9 Finland | 30.04 | 2023 | -2.7% | -3.64% | View data |
| 10 | 10 Serbia | 29.84 | 2023 | +4.02% | +2.29% | View data |
