In 2023, Italy led European tax revenue in the manufacturing of furniture, jewellery, musical instruments, and related sectors, despite a 6.04% decline. France saw a slight increase of 1.17%, while Poland experienced a minor decrease. Norway and Slovakia saw notable increases in tax revenue at 6.64% and 6.8% respectively, indicating robust growth. Denmark, however, saw the largest decline at 11.52%. Over the past five years, trends reveal fluctuating revenues with different countries experiencing diverse growth rates.
Future trends to watch include potential policy shifts towards greener practices and energy efficiency, which may impact tax revenues. Additionally, economic recovery post-pandemic could influence increased industrial activities, potentially boosting tax revenues in this sector across Europe.
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 by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 443.65 | 2023 | -1.19% | -6.04% | View data |
| 2 | 2 France | 213.56 | 2023 | +4.65% | +1.17% | View data |
| 3 | 3 Poland | 150.06 | 2023 | +1.13% | -1.16% | View data |
| 4 | 4 Portugal | 30.4 | 2023 | +5.37% | +1.35% | View data |
| 5 | 5 Hungary | 20.74 | 2023 | +3.51% | +3.18% | View data |
| 6 | 6 Romania | 20.07 | 2023 | -1.62% | -0.72% | View data |
| 7 | 7 Switzerland | 19.55 | 2023 | +1.27% | -0.2% | View data |
| 8 | 8 Greece | 16.73 | 2023 | -0.21% | +0.63% | View data |
| 9 | 9 Ireland | 12.5 | 2023 | +1.27% | -3.12% | View data |
| 10 | 10 Denmark | 11.21 | 2023 | -10.51% | -11.52% | View data |
