The data shows Greece as having the highest tax expenditure on residential end-use electricity, accounting for 0.35% of GDP in 2023. Italy follows, albeit significantly lower, at 0.084%, with Colombia, the United States, and Ireland trailing at 0.005%, 0.004%, and 0.001%, respectively. In terms of year-on-year variation from 2023, Italy led growth with a 4.32% increase, while Colombia saw a significant reduction of 11.09%. The United States remained stable with no change, whereas Ireland experienced a complete reduction, marking -100.0%.
Future trends to watch include:
- Potential policy changes in Greece aimed at reducing such high tax rates.
- Italy's possible continued gradual increase in tax expenditure.
- The United States maintaining steady tax levels unless policy shifts occur.
- Colombia's efforts to stabilize its declining tax rates.
- Observing if Ireland reinstates any tax measures in the residential electricity sector.
Top countries in Tax Expenditure on End-Use Electricity for Residential by Country
| # | 5 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Greece | 0.35 | 2023 | +3.89% | +3.02% | View data |
| 2 | 2 Italy | 0.084 | 2023 | +1.2% | +4.32% | View data |
| 3 | 3 Colombia | 0.005 | 2023 | -16.67% | -11.09% | View data |
| 4 | 4 United States | 0.004 | 2023 | 0% | 0% | View data |
| 5 | 5 Ireland | 0.001 | 2023 | -100% | View data |
