The European environmentally related tax revenue data in 2023 shows the United Kingdom leading with $32.1 million, followed by Italy and the Netherlands. Over the past year, Austria and Slovakia exhibited significant growth, with Slovakia increasing by 17.3%. Conversely, Eastern European countries like Lithuania and Iceland saw the most considerable declines, with Lithuania down by 3.55% and Iceland by 6.19%. The overall five-year trend indicates a modest CAGR in this sector, with countries like the Netherlands and Estonia generally trending upward, while others like Poland show a consistent year-on-year decrease.
Future trends to watch include:
- Potential for increased tax revenues in countries investing in green technologies.
- Possible policy shifts towards more aggressive environmental taxations across Europe, particularly in larger economies seeking to meet green transition goals.
- Economic recovery post-pandemic might influence higher allocation in public administration and defense budgets on environmental taxes.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Public Administration and Defence; Compulsory Social Security Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 32.1 | 2023 | -0.81% | -1.01% | View data |
| 2 | 2 Italy | 19.33 | 2023 | +0.96% | +0.17% | View data |
| 3 | 3 Netherlands | 11.12 | 2023 | +1.47% | +1.92% | View data |
| 4 | 4 Spain | 6.89 | 2023 | -1.03% | -1.71% | View data |
| 5 | 5 Poland | 4.53 | 2023 | -1% | -2.89% | View data |
| 6 | 6 Norway | 4.13 | 2023 | -0.6% | -1.99% | View data |
| 7 | 7 Ireland | 4.09 | 2023 | +2.98% | -0.32% | View data |
| 8 | 8 Finland | 3.69 | 2023 | -0.4% | -1.39% | View data |
| 9 | 9 Austria | 2.88 | 2023 | +3.21% | +2.14% | View data |
| 10 | 10 Slovakia | 2.68 | 2023 | +4.66% | +17.3% | View data |
