The European Environmentally Related Tax Revenue from Taxes on Energy in Accommodation and Food Service Activities showed varied performance across countries in 2023. Italy led the revenue with significant figures, followed by Spain and the United Kingdom. Notably, Italy, Greece, and the Netherlands experienced substantial year-on-year growth, contrasting with decreasing or flat trends in Austria, Denmark, and Ireland. The past five years' CAGR showcases that countries like Slovenia and Portugal have demonstrated strong growth momentum, while others like Austria and Hungary have seen declines.
Future trends to watch are the increased adoption of sustainable energy practices and potential policy changes in Europe that could affect energy taxation. Furthermore, economic recovery patterns and investments in green technologies may influence tax revenue dynamics, creating opportunities for countries to leverage environmentally related taxes as a means to drive sustainability in the accommodation and food service sectors.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Accommodation and Food Service Activities by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,640 | 2023 | +1.84% | +3.21% | View data |
| 2 | 2 Spain | 548.31 | 2023 | +9.27% | +0.84% | View data |
| 3 | 3 United Kingdom | 450.93 | 2023 | +1.73% | +1.82% | View data |
| 4 | 4 Germany | 401.69 | 2023 | +1.07% | +1.12% | View data |
| 5 | 5 Netherlands | 340.84 | 2023 | +10.98% | +3.95% | View data |
| 6 | 6 France | 305.02 | 2023 | +4% | +2.21% | View data |
| 7 | 7 Greece | 243.92 | 2023 | +3.06% | +3.85% | View data |
| 8 | 8 Poland | 131.34 | 2023 | +1.44% | -1.05% | View data |
| 9 | 9 Belgium | 125.79 | 2023 | +3.86% | +3.45% | View data |
| 10 | 10 Sweden | 81.89 | 2023 | +1.7% | +1.67% | View data |
