In 2023, Malaysia leads in recurrent household motor vehicles tax revenue with $747.19 million, showing a modest increase. Ecuador and Morocco follow with notable growth, while Brazil sees a significant decline of 30.39%. Kenya, and Chad also experience decreases. Countries like the Dominican Republic and Rwanda show strong upward trends, with variations exceeding 7%. European nations generally exhibit lower figures, with the United Kingdom and Germany ranking higher among them. Italy and Ireland show slight declines, while Sweden and Denmark maintain steady revenue streams.
Future trends indicate potential growth in emerging markets with an increasing number of motor vehicles and improving taxation frameworks. Conversely, stable or declining revenues in mature markets may continue due to policy shifts towards sustainable transport and reduced private vehicle ownership. Monitoring consumer trends and policy changes will be crucial for anticipating revenue shifts globally.
Top countries in Recurrent Household Motor Vehicles Tax Revenue Perceived by a Federal or Central Government by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Malaysia | 747.19 | 2023 | +0.98% | +0.65% | View data |
| 2 | 2 Ecuador | 393.22 | 2023 | +3.07% | +3.31% | View data |
| 3 | 3 Morocco | 325.03 | 2023 | +2.94% | +3.67% | View data |
| 4 | 4 Guatemala | 159.65 | 2023 | +4.32% | +4.73% | View data |
| 5 | 5 Brazil | 103.44 | 2023 | -41.14% | -30.39% | View data |
| 6 | 6 Dominican Republic | 71.95 | 2023 | +3.91% | +9.04% | View data |
| 7 | 7 Kenya | 63.88 | 2023 | +1.49% | -3.17% | View data |
| 8 | 8 Mauritius | 49.72 | 2023 | +1.93% | +2.19% | View data |
| 9 | 9 Jamaica | 40.64 | 2023 | +3.19% | +3.97% | View data |
| 10 | 10 Tunisia | 35.99 | 2023 | -0.5% | -1.13% | View data |
