In 2023, Italy led European countries in environmentally related tax revenue from taxes on transport in repair and installation of machinery and equipment, with a revenue standing at 50.79 million USD. The United Kingdom and France followed with revenues of 42.7 million USD and 33.33 million USD respectively. Germany and Finland remained within the top five, though at a significantly lower scale than Italy and the UK. Countries like Bulgaria, Serbia, Malta, Spain, Cyprus, Latvia, Estonia, and Lithuania reported among the lowest revenues in this domain, all below one million USD.
Year-on-year analysis showed significant shifts; for instance, Portugal and Spain observed substantial increases of 4.64% and 4.8% respectively, while Bulgaria and Malta faced declines. Overall, trends from the past five years showcase varied growth with Italy maintaining a dominant position, while nations like Portugal are showing impressive growth rates.
Future trends to watch include the anticipated rise in revenues from nations currently investing in green transport technologies and incentives for sustainable machinery repair practices. With increasing focus on green policies in Europe, there is potential for growth in this sector, especially in countries with strong commitments to environmental goals.
Top countries in Environmentally Related Tax Revenue from Taxes on Transport in 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 | 50.79 | 2023 | +0.74% | +0.38% | View data |
| 2 | 2 United Kingdom | 42.7 | 2023 | +5.5% | +3.81% | View data |
| 3 | 3 France | 33.33 | 2023 | +5.74% | +2.12% | View data |
| 4 | 4 Germany | 8.14 | 2023 | -0.26% | +1.17% | View data |
| 5 | 5 Finland | 4.54 | 2023 | +3.1% | +3.67% | View data |
| 6 | 6 Switzerland | 3.74 | 2023 | +1.61% | +1.19% | View data |
| 7 | 7 Portugal | 3.31 | 2023 | +7.22% | +4.64% | View data |
| 8 | 8 Austria | 3.11 | 2023 | +3.37% | +3.71% | View data |
| 9 | 9 Norway | 2.57 | 2023 | +3.57% | +2.25% | View data |
| 10 | 10 Croatia | 2.11 | 2023 | -0.19% | +0.14% | View data |
