The analysis for 2023 shows varied year-on-year changes in global tax expenditure on end-use electricity for consumers. Italy leads with a significant growth of 8.64%, followed by Germany at 6.73% and France at 7.62%. In contrast, Greece experienced a significant decline of 40.39%. Canada noted a notable increase of 98.71%, reflecting a considerable investment or policy change. Conversely, Austria, Colombia, Moldova, and Ireland saw declines ranging from -2.2% to -5.62%.
Looking forward, the global focus on sustainable energy and economic policies suggests that countries with higher investments, like Canada and Italy, may sustain growth. However, geopolitical factors and regulatory changes could influence future spending dynamics, particularly in countries with declining trends. Monitoring these changes will be crucial for understanding future market patterns.
Top countries in Tax Expenditure on End-Use Electricity for Consumers Share by Country (Million US Dollars, Constant = 2020)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 45.15 | 2023 | +6.25% | +8.64% | View data |
| 2 | 2 United States | 21.96 | 2023 | -1.24% | +2.97% | View data |
| 3 | 3 Germany | 20.08 | 2023 | +2.78% | +6.73% | View data |
| 4 | 4 Canada | 11.81 | 2023 | +30.6% | +98.71% | View data |
| 5 | 5 France | 5.36 | 2023 | +9.29% | +7.62% | View data |
| 6 | 6 Austria | 1.35 | 2023 | -2.19% | -2.2% | View data |
| 7 | 7 Colombia | 0.95 | 2023 | -9.33% | -5.62% | View data |
| 8 | 8 Moldova | 0.63 | 2023 | -2.09% | -3.47% | View data |
| 9 | 9 Ireland | 0.24 | 2023 | +10.02% | -1.36% | View data |
| 10 | 10 Greece | 0.014 | 2023 | +22.16% | -40.39% | View data |
