In 2023, France led European energy-related tax revenues from agriculture-related activities with $1.38 billion, despite declining by 0.53% from the previous year. Belgium showed notable growth, increasing by 3.1%, while Austria witnessed a significant decrease of 4.95%. Over the last two years, Slovenia recorded a 7.17% growth, and Estonia saw an increase of 4.52%. Conversely, Latvia and Austria experienced the most notable reductions, with declines of 4.22% and 4.95%, respectively. Nordic countries like Denmark demonstrated resilience with a 2.35% increase, indicating mixed performance across the region.
Future trends to watch include increasing tax diversification across renewable energy initiatives and sustainability measures, especially as countries aim towards greener agricultural practices. Policymakers are expected to leverage taxes as tools to accelerate the transition to sustainable energy in agriculture, prompting potential shifts in tax revenue distribution across Europe.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Crop and Animal Production, Hunting and Related Service Activities by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,380 | 2023 | +3.85% | -0.53% | View data |
| 2 | 2 Netherlands | 604.57 | 2023 | +2.43% | -0.73% | View data |
| 3 | 3 Spain | 244.85 | 2023 | +0.59% | -1.45% | View data |
| 4 | 4 Denmark | 183.18 | 2023 | +0.81% | +2.35% | View data |
| 5 | 5 Sweden | 179.81 | 2023 | -1.04% | -1.67% | View data |
| 6 | 6 Belgium | 177 | 2023 | +4.22% | +3.1% | View data |
| 7 | 7 Hungary | 156.67 | 2023 | +1.29% | +0.19% | View data |
| 8 | 8 Switzerland | 145.21 | 2023 | +1.37% | +0.81% | View data |
| 9 | 9 Austria | 105.39 | 2023 | -5.18% | -4.95% | View data |
| 10 | 10 Croatia | 101.96 | 2023 | +2.94% | +2.17% | View data |
