The United Kingdom leads in fossil fuel tax expenditure at 13.2 billion USD, followed by major European and Asian economies like France, India, and China. While India’s expenditure grows at 8.32%, Germany and the United States experience minor declines. France and Sweden show modest gains, while Brazil faces a significant drop of 31.88%. Russia and Ukraine unexpectedly show high growth rates, with Russia at 14.99% and Ukraine at 106.43% year-on-year in 2023, indicating political and economic influences on fiscal policies.
Future trends to watch include increased regulatory pressure on fossil fuel consumption, influencing tax policies. Renewable energy transitions and climate commitments are likely to shape global tax expenditure patterns, potentially decreasing fossil fuel tax reliance in the long term.
Top countries in Tax Expenditure on All Fossil Fuels for Consumers by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 13,200 | 2023 | +5.8% | +3.76% | View data |
| 2 | 2 France | 10,670 | 2023 | +5.2% | +3.85% | View data |
| 3 | 3 India | 9,670 | 2023 | +6.58% | +8.32% | View data |
| 4 | 4 Italy | 8,850 | 2023 | +1.56% | -0.49% | View data |
| 5 | 5 China | 7,950 | 2023 | +6.24% | +6.34% | View data |
| 6 | 6 Australia | 4,670 | 2023 | +4.33% | +2.71% | View data |
| 7 | 7 Germany | 4,590 | 2023 | -3.61% | -4.37% | View data |
| 8 | 8 United States | 3,800 | 2023 | -0.77% | -0.28% | View data |
| 9 | 9 Belgium | 3,460 | 2023 | +2.06% | +1.56% | View data |
| 10 | 10 Switzerland | 2,880 | 2023 | +11.78% | +1.97% | View data |
