In 2023, Italy led the European countries with environmentally related tax revenue from taxes on energy in arts, entertainment, and recreation at 304.9 million USD, showcasing a year-on-year growth of 1.74%. The United Kingdom followed with 181.33 million USD, reflecting a 1.59% increase. Sweden and Switzerland demonstrated marginal increases, with Switzerland experiencing the highest growth among them at 2.02%. Conversely, Denmark and Poland saw significant declines of 6.52% and 5.5%, respectively. Notable growth was observed in Hungary at 5.1%, Serbia at 4.04%, and Malta at 3.42%.
Future trends to watch include potential policy shifts towards more sustainable practices and the impact of economic conditions on tax revenue generation. Countries focusing on green energy transformation might showcase varying growth patterns, with regulatory changes playing a crucial role in shaping the trajectory of tax revenues in this sector. Monitoring these trends will be essential for understanding the evolving landscape of environmentally related tax revenue across Europe.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Arts, Entertainment and Recreation by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 304.9 | 2023 | +1.18% | +1.74% | View data |
| 2 | 2 United Kingdom | 181.33 | 2023 | +1.56% | +1.59% | View data |
| 3 | 3 Sweden | 57.27 | 2023 | +1.11% | +0.25% | View data |
| 4 | 4 Switzerland | 52.45 | 2023 | +2.6% | +2.02% | View data |
| 5 | 5 Denmark | 36.88 | 2023 | +0.36% | -6.52% | View data |
| 6 | 6 Belgium | 30.23 | 2023 | +2.15% | +1.23% | View data |
| 7 | 7 Austria | 26.75 | 2023 | +2.05% | +0.63% | View data |
| 8 | 8 Poland | 25.84 | 2023 | +0.42% | -5.5% | View data |
| 9 | 9 Norway | 20.5 | 2023 | +1.17% | -2.17% | View data |
| 10 | 10 Ireland | 19.21 | 2023 | +3.21% | +1.54% | View data |
