In 2023, the Netherlands led in environmentally related tax revenue from taxes on resources in accommodation and food services across European countries, with a significant margin over others. France and Cyprus followed, albeit with France experiencing a year-on-year decline of 5.99%, contrasting with growth in Cyprus of 5.53%. Noteworthy, Croatia demonstrated substantial growth with a 12.38% increase, while Latvia grew by 9.16%. Conversely, Poland showed a dramatic decline by 49.67% over the past year, indicating volatility in tax revenue generation.
Future trends to watch include potential policy shifts in European countries aiming to incentivize sustainable practices, which could affect environmentally related taxes. The focus on sustainable tourism and hospitality might drive changes in how these sectors are taxed, potentially influencing the revenue composition and growth in various European countries.
Top countries in Environmentally Related Tax Revenue from Taxes on Resources in Accommodation and Food Service Activities by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 9.25 | 2023 | +8.99% | -0.5% | View data |
| 2 | 2 France | 2.95 | 2023 | +0.48% | -5.99% | View data |
| 3 | 3 Cyprus | 2.65 | 2023 | +6.67% | +5.53% | View data |
| 4 | 4 Bulgaria | 2.26 | 2023 | +4.39% | +5.85% | View data |
| 5 | 5 Croatia | 1.11 | 2023 | +4.08% | +12.38% | View data |
| 6 | 6 Slovenia | 0.95 | 2023 | -0.46% | -0.37% | View data |
| 7 | 7 Belgium | 0.33 | 2023 | +4.99% | -2.35% | View data |
| 8 | 8 Serbia | 0.31 | 2023 | +3.72% | +5% | View data |
| 9 | 9 Latvia | 0.29 | 2023 | +31.07% | +9.16% | View data |
| 10 | 10 Estonia | 0.042 | 2023 | +2.24% | +4.57% | View data |
