The data shows a significant disparity in revenue from recurrent household motor vehicles tax among countries. In 2023, Brazil leads with $73.61 million, while many countries, particularly in Europe, collect much less. Key trends from 2022 to 2023 reveal varied year-on-year growth: Brazil saw a slight increase of 0.36%, while Argentina decreased by 1.57%. Notable increases are observed in Guatemala and Dominican Republic, with 4.73% and 9.04% respectively, whereas Chad experienced a sharp decline of 21.96%. The CAGR over the last five years highlights moderate growth across most countries, except in select cases like Morocco and Ecuador, showing substantial increases.
Looking forward, watch for continued growth in developing nations as vehicle ownership increases, alongside policy changes in developed countries aimed at boosting electric vehicle uptake, potentially impacting tax revenues. Trends in sustainable transportation policies could significantly affect these revenues globally.
Top countries in Recurrent Household Motor Vehicles Tax Revenue Perceived by Any Governmental Institution Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 73.61 | 2023 | +0.72% | +0.36% | View data |
| 2 | 2 Argentina | 7.96 | 2023 | +0.32% | -1.57% | View data |
| 3 | 3 Malaysia | 4.34 | 2023 | +0.98% | +0.65% | View data |
| 4 | 4 South Africa | 4.34 | 2023 | +2.34% | +2.57% | View data |
| 5 | 5 Ecuador | 2.27 | 2023 | +2.8% | +3.17% | View data |
| 6 | 6 Morocco | 1.91 | 2023 | +2.96% | +3.69% | View data |
| 7 | 7 Kazakhstan | 1.06 | 2023 | +2.26% | +1.73% | View data |
| 8 | 8 Guatemala | 0.93 | 2023 | +4.32% | +4.73% | View data |
| 9 | 9 Bulgaria | 0.76 | 2023 | +3.86% | +2.84% | View data |
| 10 | 10 Nigeria | 0.58 | 2023 | +2.56% | +4.86% | View data |
