In 2023, Latvia ranked highest in Global Energy Environmental Tax intensity at 2.68% of GDP, while Niger registered the lowest at 0.19%. Most countries experienced a decline, with significant decreases in Ghana (-3.13%) and Romania (-2.97%). Noteworthy exceptions include Ukraine, which saw a modest increase of 1.16%, and Bhutan, which experienced a remarkable rise of 3.27%. Forecasts for 2024 suggest stabilization in these trends, with potential increases in countries currently at lower tax GDP percentages.
Future trends to watch include potential policy shifts towards increased environmental taxes in developing nations and technological advancements enhancing environmental efficiency, impacting tax structures globally. Both could reshape the landscape, aligning tax rates more closely with sustainability goals.
Top countries in Energy Environmental Tax by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Latvia | 2.68 | 2023 | +0.044% | -1.64% | View data |
| 2 | 2 Honduras | 2.34 | 2023 | +0.43% | +0.63% | View data |
| 3 | 3 Eswatini | 2.16 | 2023 | |||
| 4 | 4 Ukraine | 1.91 | 2023 | +3.15% | +1.16% | View data |
| 5 | 5 Romania | 1.66 | 2023 | +2.65% | -2.97% | View data |
| 6 | 6 Spain | 1.42 | 2023 | -0.32% | -1.35% | View data |
| 7 | 7 Sweden | 1.4 | 2023 | -2.88% | -2.46% | View data |
| 8 | 8 Austria | 1.4 | 2023 | +2.74% | +0.023% | View data |
| 9 | 9 Germany | 1.4 | 2023 | -0.36% | -1.02% | View data |
| 10 | 10 Belgium | 1.38 | 2023 | +2.49% | -0.75% | View data |
