The European environmentally related tax revenue from taxes on energy in the manufacturing of basic metals and fabricated metal products varied significantly across countries in 2023. France led with the highest revenue but experienced a slight decline, while Spain also saw a decrease. Romania and Hungary showcased growth, with Romania having an 8.26% increase and Hungary a notable 13.77% rise. Other countries like Austria, Sweden, and Switzerland also witnessed positive growth, while countries such as the Czech Republic, Denmark, and Latvia observed downturns. Iceland witnessed a remarkable increase of 53.31%, indicating significant progress.
Future trends suggest a possible increase in environmentally related taxes in countries focusing on green energy and sustainability goals. This may lead to further divergent growth trends based on national policies addressing climate change and energy efficiency drives in the manufacturing sectors. Observing policy shifts and technological advancements will be essential to forecasting future revenue variations.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing of Basic Metals and Fabricated Metal Products (Except Machinery and Equipment) by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 511.06 | 2023 | +0.47% | -2.02% | View data |
| 2 | 2 Spain | 330.38 | 2023 | +0.13% | -3.59% | View data |
| 3 | 3 Romania | 328.81 | 2023 | +3.85% | +8.26% | View data |
| 4 | 4 Belgium | 250.22 | 2023 | +2.55% | +1.93% | View data |
| 5 | 5 Austria | 233.1 | 2023 | +2.17% | +4.51% | View data |
| 6 | 6 Sweden | 173.85 | 2023 | +3.28% | +4.94% | View data |
| 7 | 7 Switzerland | 96.85 | 2023 | +3.06% | +2.2% | View data |
| 8 | 8 Czech Republic | 48.56 | 2023 | -5.12% | -5.91% | View data |
| 9 | 9 Hungary | 46 | 2023 | +4.99% | +13.77% | View data |
| 10 | 10 Norway | 40.93 | 2023 | +4.94% | +9.86% | View data |
