In 2023, the European Environmentally Related Tax Revenue reveals certain heterogeneous trends across countries. The Netherlands leads with a high tax revenue, showing a significant increase of 6.99% compared to the previous year. Similarly, Bulgaria and Cyprus saw remarkable growths of 6.9% and 17.19%, respectively. Croatia also recorded a notable increase of 10.7% in their tax revenue. Contrarily, Estonia and Poland experienced declines by 12.57% and 17.37%, respectively, indicating challenges in these sectors. Denmark and Belgium saw minor contractions, depicting regions with stabilized yet reduced or fluctuating revenues.
Anticipation for the future trends include:
- A steady rise in countries currently experiencing growth, particularly in Cyprus and Croatia, signaling possible shifts towards green taxation.
- Potential recovery strategies in Poland and Estonia could lead to better environmental policies aligning with tax increases.
- Incorporation of innovative sustainability in creative sectors may influence tax revenues and drive broader economic growth across Europe.
Top countries in Environmentally Related Tax Revenue from Taxes on Resources in Creative, Arts and Entertainment Activities; Libraries, Archives, Museums and Other Cultural Activities; Gambling and Betting Activities by Country
| # | 9 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 1.66 | 2023 | +34.6% | +6.99% | View data |
| 2 | 2 Denmark | 0.74 | 2023 | +0.042% | -0.087% | View data |
| 3 | 3 Bulgaria | 0.19 | 2023 | +6.05% | +6.9% | View data |
| 4 | 4 Croatia | 0.071 | 2023 | +3.27% | +10.7% | View data |
| 5 | 5 Serbia | 0.068 | 2023 | +3.92% | +4.2% | View data |
| 6 | 6 Poland | 0.065 | 2023 | -23.82% | -17.37% | View data |
| 7 | 7 Belgium | 0.031 | 2023 | +5.12% | -2.47% | View data |
| 8 | 8 Cyprus | 0.026 | 2023 | +6.8% | +17.19% | View data |
| 9 | 9 Estonia | 0.006 | 2023 | +8.63% | -12.57% | View data |
