In 2023, European environmentally related tax revenues from taxes on transport in the manufacturing of chemicals were led by Italy, Austria, and Belgium. While Austria showed strong annual growth of 3.71%, Belgium experienced a decline of 3.67%. Notable increases include Denmark with a 4.72% rise, while Ireland and Cyprus saw significant decreases of 12.31% and 12.7%, respectively. The average compound annual growth rate over the last five years indicates moderate fluctuation across the region, with several countries witnessing minimal growth or decline.
Looking ahead, potential trends include a continued focus on environmental policies and tax reforms aimed at reducing emissions and fostering sustainable industry practices. Countries with notable declines may implement efforts to balance economic growth with environmental objectives, potentially stabilizing or enhancing their tax revenues in this sector.
Top countries in Environmentally Related Tax Revenue from Taxes on Transport in Manufacturing of Chemicals and Chemical Products Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 21.88 | 2023 | -0.28% | +0.73% | View data |
| 2 | 2 Austria | 16.58 | 2023 | +3.36% | +3.71% | View data |
| 3 | 3 Belgium | 13.63 | 2023 | -3.87% | -3.67% | View data |
| 4 | 4 Finland | 11.59 | 2023 | +3.54% | +0.098% | View data |
| 5 | 5 United Kingdom | 9.42 | 2023 | -3.22% | -1.92% | View data |
| 6 | 6 Poland | 8.88 | 2023 | -4.17% | -3.22% | View data |
| 7 | 7 Hungary | 6.22 | 2023 | +2.03% | -0.93% | View data |
| 8 | 8 Croatia | 2.99 | 2023 | -0.19% | +0.15% | View data |
| 9 | 9 Denmark | 2.85 | 2023 | +0.12% | +4.72% | View data |
| 10 | 10 Bulgaria | 1.5 | 2023 | -6.72% | -3.66% | View data |
