In 2023, Italy led the European Environmentally Related Tax Revenue from all environmental taxes in the manufacturing of basic metals with $661.76 million, despite a slight decline of 0.92%. Germany followed closely, showing a significant increase of 6.39% to reach $640.48 million. Spain and the United Kingdom saw declines of 3.53% and 3.42% respectively. Slovakia experienced the highest growth among the surveyed countries at 11.39%. Conversely, Denmark experienced a sharp decline of 11.16%. Iceland's revenue showed a remarkable increase of 108.38%, although from a low base.
Looking ahead:
- The rising focus on sustainability and stringent environmental regulations could drive tax revenues in countries like Italy and Germany higher.
- Countries with lower revenues like Croatia and Slovenia might see opportunities to develop their tax structures aligned with environmental policies.
- Monitoring the implications of evolving EU environmental policies will be crucial as they may significantly impact tax structures and revenues.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Manufacturing of Basic Metals by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 661.76 | 2023 | -0.01% | -0.92% | View data |
| 2 | 2 Germany | 640.48 | 2023 | +2.48% | +6.39% | View data |
| 3 | 3 Spain | 258.38 | 2023 | +0.088% | -3.53% | View data |
| 4 | 4 United Kingdom | 124.41 | 2023 | -3.56% | -3.42% | View data |
| 5 | 5 Slovakia | 91.96 | 2023 | +4.51% | +11.39% | View data |
| 6 | 6 Slovenia | 37.72 | 2023 | +8.92% | +4.06% | View data |
| 7 | 7 Bulgaria | 11.24 | 2023 | -2.32% | +2.14% | View data |
| 8 | 8 Denmark | 11.19 | 2023 | +0.1% | -11.16% | View data |
| 9 | 9 Ireland | 10.06 | 2023 | +4.71% | +1.07% | View data |
| 10 | 10 Iceland | 7.51 | 2023 | +1.32% | +108.38% | View data |
