The European environmentally related tax revenue from taxes on energy in the manufacturing of furniture, jewellery, musical instruments, toys, and repair and installation of machinery and equipment shows considerable variation by country. In 2023, Italy led with $49 million, despite a 7.26% decline. France and Poland follow, each experiencing a slight decline. Notably, Belgium and several smaller economies such as Norway, Bulgaria, and Malta showed positive growth.
Future trends to watch include shifts towards more sustainable energy sources, which could alter taxation frameworks, potentially resulting in increased revenues for countries embracing green initiatives. The integration of digital technologies in these sectors may also drive more efficient production, influencing tax rates and revenue distributions.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing of Furniture; Jewellery, Musical Instruments, Toys; Repair and Installation of Machinery and Equipment Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 49 | 2023 | -1.9% | -7.26% | View data |
| 2 | 2 France | 24.36 | 2023 | +2.84% | -1.11% | View data |
| 3 | 3 Poland | 9.69 | 2023 | +1.12% | -1.69% | View data |
| 4 | 4 Belgium | 5.13 | 2023 | +2.74% | +1.67% | View data |
| 5 | 5 Portugal | 2.77 | 2023 | +2.49% | +0.45% | View data |
| 6 | 6 Austria | 1.9 | 2023 | +1.95% | +1.02% | View data |
| 7 | 7 Denmark | 1.74 | 2023 | -11.73% | -11.53% | View data |
| 8 | 8 Ireland | 1.66 | 2023 | +1.56% | -2.44% | View data |
| 9 | 9 Norway | 1.02 | 2023 | +2.85% | +4.46% | View data |
| 10 | 10 Latvia | 0.64 | 2023 | +4.31% | -1.33% | View data |
