In 2023, the United Kingdom led in global tax expenditure on residential natural gas, while China displayed the most considerable year-on-year growth at 20.94%. The US marked moderate growth at 1.48%, with notable increases in Italy at 12.78% and Ireland at 8.01%. Canada and the Czech Republic showed slight growth, while Hungary, Lithuania, Brazil, Moldova, and Slovenia experienced declines. Over the past five years, the compound annual growth rate indicates an average increase in expenditures, although variations underline differing energy policies and economic conditions.
Future trends to observe include China's continued growth, driven by policy shifts toward stable energy pricing. The UK's leadership position may fluctuate as domestic energy policy evolves, while the US's stable growth is expected to continue unless significant changes in energy subsidy policies occur. Watch for potential impacts from global policy shifts and economic developments affecting residential energy demand and pricing.
Top countries in Tax Expenditure on Natural Gas for Residential Share by Country (Million US Dollars, Constant = 2020)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 65.33 | 2023 | -2.47% | -2.71% | View data |
| 2 | 2 China | 29.91 | 2023 | +22.49% | +20.94% | View data |
| 3 | 3 United States | 11.66 | 2023 | +1.9% | +1.48% | View data |
| 4 | 4 Italy | 4.45 | 2023 | +9.04% | +12.78% | View data |
| 5 | 5 Canada | 1.61 | 2023 | +0.22% | +1.31% | View data |
| 6 | 6 Hungary | 1.36 | 2023 | +2.38% | -1.64% | View data |
| 7 | 7 Czech Republic | 1.04 | 2023 | +1.95% | +1.24% | View data |
| 8 | 8 Lithuania | 0.76 | 2023 | -3.07% | -2.28% | View data |
| 9 | 9 Brazil | 0.5 | 2023 | -3.34% | -4.62% | View data |
| 10 | 10 Slovakia | 0.43 | 2023 | +1.1% | +0.71% | View data |
