The United Kingdom leads with tax revenue from mining and quarrying resources at $522.06 Million in 2023, showing a 1.35% rise. Denmark follows with a 2.83% increase, while Latvia and Belgium showed modest growth. Conversely, Sweden, Estonia, Cyprus, and Poland faced declines, with Poland experiencing a significant 19.87% drop. Over a five-year period, the CAGR suggests mixed trends across countries, emphasizing diverse impacts on revenue policies.
Future trends to watch:
- Shift towards renewable energy may reduce traditional resource exploitation.
- Increased regulation could elevate environmentally related taxes.
- Emerging technologies may alter resource demand dynamics.
Top countries in Environmentally Related Tax Revenue from Taxes on Resources in Mining and Quarrying by Country
| # | 8 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 522.06 | 2023 | +0.86% | +1.35% | View data |
| 2 | 2 Sweden | 11.02 | 2023 | -8.11% | -8.2% | View data |
| 3 | 3 Estonia | 5.23 | 2023 | -5.45% | -7.26% | View data |
| 4 | 4 Cyprus | 3.95 | 2023 | -1.69% | -2.3% | View data |
| 5 | 5 Denmark | 3.68 | 2023 | +1.23% | +2.83% | View data |
| 6 | 6 Latvia | 2.11 | 2023 | +3.45% | +0.71% | View data |
| 7 | 7 Belgium | 1.16 | 2023 | +4.22% | +0.93% | View data |
| 8 | 8 Poland | 0.093 | 2023 | -28.99% | -19.87% | View data |
