The analysis of European Environmentally Related Tax Revenue from Taxes on Resources in Architectural and Engineering Activities; Technical Testing and Analysis reveals varying trends across countries in 2023. France experienced a slight decline of 2.25%, while Serbia and Cyprus saw increases of 4.46% and 5.06%, respectively. Slovenia's growth was moderate at 1.72%. In contrast, Belgium experienced a significant decrease of 6.16%. Latvia had the highest growth rate of 10.93%. The Compound Annual Growth Rate (CAGR) over the past five years indicates Latvia as the fastest-growing country, showcasing a consistent upward trend.
Future trends to watch for include:
- Implementation of stricter environmental policies could drive further growth in Serbia and Cyprus.
- France may seek policy adjustments to mitigate revenue decline.
- Belgium might face challenges unless new initiatives are introduced to boost revenue.
- Latvia's strong growth trajectory suggests an increasing focus on taxation and regulation in environmental areas.
Top countries in Environmentally Related Tax Revenue from Taxes on Resources in Architectural and Engineering Activities; Technical Testing and Analysis by Country
| # | 6 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 0.25 | 2023 | -0.068% | -2.25% | View data |
| 2 | 2 Serbia | 0.091 | 2023 | +4% | +4.46% | View data |
| 3 | 3 Slovenia | 0.064 | 2023 | +1.11% | +1.72% | View data |
| 4 | 4 Belgium | 0.017 | 2023 | +4.15% | -6.16% | View data |
| 5 | 5 Cyprus | 0.015 | 2023 | +6.32% | +5.06% | View data |
| 6 | 6 Latvia | 0.002 | 2023 | +14.69% | +10.93% | View data |
