The 2023 data shows China leads with $6.92 billion in tax expenditure on petroleum for transportation, followed by Australia and Italy. The U.S. sees an expenditure of $0.95 billion. Significant year-on-year increases were found in Ukraine (32.14%) and Russia (14.99%). Countries like the U.S. and Canada experienced declines at -4.21% and -1.36%, respectively. Over the past five years, CAGR figures should be consulted for comprehensive trend analysis.
Future trends to watch include:
- The potential impact of shifting energy policies towards renewable sources.
- Continued fluctuations in global oil prices and geopolitical events influencing expenditure levels.
- Technological advancements and their effect on transportation fuel efficiencies.
Top countries in Tax Expenditure on Petroleum for Transportation by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 6,920 | 2023 | +6.1% | +6.11% | View data |
| 2 | 2 Australia | 6,290 | 2023 | +4.86% | +3.49% | View data |
| 3 | 3 Italy | 5,890 | 2023 | +5.2% | +2.24% | View data |
| 4 | 4 France | 5,310 | 2023 | +6.24% | +5.81% | View data |
| 5 | 5 Switzerland | 2,330 | 2023 | +11.78% | +0.58% | View data |
| 6 | 6 South Africa | 2,050 | 2023 | +7.54% | +2.46% | View data |
| 7 | 7 Ireland | 1,840 | 2023 | +8.6% | +0.49% | View data |
| 8 | 8 Sweden | 1,510 | 2023 | +1.34% | +8.98% | View data |
| 9 | 9 Argentina | 1,190 | 2023 | -0.93% | -0.28% | View data |
| 10 | 10 Israel | 1,130 | 2023 | +3.63% | +1.08% | View data |
