Forecast: Tax Expenditure on Natural Gas for Residential in China

In 2024, the tax expenditure on natural gas for residential use in China is forecasted to account for 0.007% of the GDP. This remains consistent through the years 2025 and 2026, reflecting no variation year-on-year. An increase occurs in 2027 and 2028, where it rises to 0.008% of the GDP. The Compound Annual Growth Rate (CAGR) over this five-year period is minimal yet positive, indicating a slight average annual growth.

Future trends to watch for include:

  • Policy changes impacting tax structures around natural gas usage.
  • Fluctuations in natural gas demand due to shifts in residential energy preferences.
  • Global energy market dynamics affecting domestic natural gas pricing and taxation.

Top Countries about Natural Gas