In 2023, Germany led European countries with $540.92 million in environmentally related tax revenue from the manufacturing of wood, paper, printing, and reproduction. France and Spain followed, showing a growth of 0.74% and 2.71% respectively. Notably, Romania and Hungary showed significant increases with 6.91% and 8.25% growth year-on-year, while Latvia and the Czech Republic experienced declines of 9.67% and 9.57% respectively. Over the past five years, the CAGR reflects steady increases for most, except declines in some smaller economies.
Future trends to watch include heightened environmental policies across Europe, which could increase tax revenues, especially in regions with current lower values such as Greece and Portugal. There is potential for substantial growth as more countries adopt sustainable practices and stricter regulations to reduce carbon footprints, thereby influencing tax structures related to environmental impact.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Manufacturing of Wood, Paper, Printing and Reproduction by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 540.92 | 2023 | -0.51% | +0.16% | View data |
| 2 | 2 France | 409.39 | 2023 | +2.39% | +0.74% | View data |
| 3 | 3 Spain | 407.53 | 2023 | +2.91% | +2.71% | View data |
| 4 | 4 Poland | 268.07 | 2023 | +1.95% | +1.45% | View data |
| 5 | 5 Romania | 206.7 | 2023 | +4.26% | +6.91% | View data |
| 6 | 6 Sweden | 202.76 | 2023 | +2.4% | +2.43% | View data |
| 7 | 7 Austria | 170.66 | 2023 | +0.51% | +0.32% | View data |
| 8 | 8 Finland | 118.64 | 2023 | +1.57% | +0.52% | View data |
| 9 | 9 Belgium | 99.32 | 2023 | +2.58% | +2.68% | View data |
| 10 | 10 Portugal | 92.68 | 2023 | +3.64% | +2.19% | View data |
