The value of European environmentally related tax revenue from resources in the chemical and pharmaceutical manufacturing sectors in 2023 varied significantly across countries, with Belgium and Netherlands leading, earning 17.25 and 13.2 million USD respectively. France saw a slight decline, whereas Croatia experienced a notable increase of over 11%. Bulgaria, Cyprus, and Estonia showed minor fluctuations, with Poland experiencing a significant drop. The five-year CAGR indicates fluctuations across countries, suggesting varied emphasis on environmental policies.
Future trends to watch include tightening European environmental regulations, expected to influence tax revenue diversely. Countries with increasing revenues may continue investing in greener technologies, while others may need to adapt swiftly to future regulatory pressures.
Top countries in Environmentally Related Tax Revenue from Taxes on Resources in Manufacturing of Chemicals, Basic Pharmaceuticals and Preparations by Country
| # | 8 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 17.25 | 2023 | +4.47% | +1.44% | View data |
| 2 | 2 Netherlands | 13.2 | 2023 | +1.3% | +0.31% | View data |
| 3 | 3 France | 1.52 | 2023 | -3.54% | -5.89% | View data |
| 4 | 4 Croatia | 0.38 | 2023 | +3.79% | +11.28% | View data |
| 5 | 5 Bulgaria | 0.26 | 2023 | -2.51% | -0.22% | View data |
| 6 | 6 Poland | 0.023 | 2023 | -49.41% | -29.86% | View data |
| 7 | 7 Cyprus | 0.016 | 2023 | +5.78% | +6.01% | View data |
| 8 | 8 Estonia | 0.003 | 2023 | -10.94% | -25.3% | View data |
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