In 2023, the variation in global energy-related tax revenue by country showed diverse trends. Countries like Chad, Singapore, and Panama experienced significant increases in their revenues, with percentage variations of 6.02%, 5.85%, and 3.46% respectively. Conversely, some countries faced declines, notably Ecuador with a substantial decrease of 36.54%, and Trinidad and Tobago at -18.47%. Malaysia also observed a notable upward trend with a 9.14% increase, while Belgium and New Zealand saw decreases of 1.28% and 7.3% respectively. The five-year CAGR indicates varied long-term growth across these economies.
Looking ahead, several trends are expected to shape global energy-related tax revenues:
- Emerging economies may continue to see a rise in tax revenues driven by economic growth and increased energy consumption.
- Countries transitioning to renewable energy might encounter shifts in tax structures, impacting revenue streams.
- Regulatory changes related to environmental policies could further influence tax rates and revenues globally.
- Technological advancements and energy efficiency improvements may alter energy consumption patterns, thus affecting tax revenues.
Top countries in Energy-Related Tax Revenue by Country
| # | 10 Countries | Percent of Environmental Tax Revenue | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 100.66 | 2023 | +0.22% | View data | |
| 2 | 2 Nicaragua | 98.86 | 2023 | -0.01% | -0.01% | View data |
| 3 | 3 Eswatini (Swaziland) | 96.9 | 2023 | |||
| 4 | 4 Togo | 95.67 | 2023 | -0.2% | -0.45% | View data |
| 5 | 5 Chad | 94.53 | 2023 | +1.91% | +6.02% | View data |
| 6 | 6 Pakistan | 94.29 | 2023 | +0.12% | +0.82% | View data |
| 7 | 7 Senegal | 93.85 | 2023 | -0.19% | +1.33% | View data |
| 8 | 8 Egypt | 93.67 | 2023 | +1.09% | +0.34% | View data |
| 9 | 9 Paraguay | 93.59 | 2023 | -0.085% | -0.23% | View data |
| 10 | 10 Cameroon | 92.71 | 2023 | +0.022% | -0.034% | View data |
