In 2023, Bhutan led globally in environmentally-related transport tax revenue as a percentage of total tax revenue, followed by Mauritius and Kenya. Despite some countries like Japan and Nigeria experiencing growth, several others, including Mongolia and Cyprus, saw substantial drops. Over the past five years, Togo recorded the highest annual average growth, while Burkina Faso faced significant declines.
Future trends indicate potential growth in environmentally-related transport taxes, driven by global climate initiatives and policies aimed at reducing carbon emissions. Monitoring India, with ongoing policy shifts, and Japan’s recent growth patterns, will be key to understanding future market dynamics.
Top countries in Environmentally-Related Transport Tax Revenue by Country
| # | 10 Countries | Percent of Tax Revenue | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Bhutan | 10.8 | 2023 | +16.38% | +6.8% | View data |
| 2 | 2 Mauritius | 8.46 | 2023 | +2.55% | +0.46% | View data |
| 3 | 3 Kenya | 7.66 | 2023 | +0.39% | -0.94% | View data |
| 4 | 4 Fiji | 6.92 | 2023 | +14.76% | +4.62% | View data |
| 5 | 5 Maldives | 5.63 | 2023 | +7.44% | +3.85% | View data |
| 6 | 6 India | 5.45 | 2023 | -0.59% | -0.55% | View data |
| 7 | 7 Ghana | 5.17 | 2023 | +7.71% | +3.61% | View data |
| 8 | 8 Guyana | 4.83 | 2023 | +2.77% | +0.33% | View data |
| 9 | 9 Jamaica | 4.58 | 2023 | +11.17% | +1.04% | View data |
| 10 | 10 Saint Lucia | 4.17 | 2023 | +16.48% | +5.84% | View data |
