In 2023, Italy leads in European environmentally related tax revenue from all environmental taxes in manufacturing electrical equipment, with a significant value of 452.26 million USD. This represents a substantial year-on-year increase of 31.38%. Germany follows, though it experienced an 8.52% decline compared to the previous year. Spain's revenue showed a slight increase of 1.02%. Smaller economies like Iceland and Cyprus saw notable declines of 11.59% and 6.42%, respectively. Over the past five years, varying annual changes have been evident, reflecting differing economic and regulatory landscapes.
Future trends indicate a growing emphasis on sustainable manufacturing practices across Europe, potentially increasing tax revenues from environmental initiatives. As countries adjust environmental policies to meet EU green targets, larger nations, especially those with strong industrial bases, may see further changes in tax revenue dynamics.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Manufacturing of Electrical Equipment by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 452.26 | 2023 | +5.69% | +31.38% | View data |
| 2 | 2 Germany | 131.42 | 2023 | -10.26% | -8.52% | View data |
| 3 | 3 Spain | 120.24 | 2023 | +1.51% | +1.02% | View data |
| 4 | 4 Ireland | 42.8 | 2023 | +4.78% | +0.57% | View data |
| 5 | 5 Austria | 24.79 | 2023 | +2.7% | +0.56% | View data |
| 6 | 6 Greece | 5.42 | 2023 | -1.15% | -0.15% | View data |
| 7 | 7 Finland | 5.15 | 2023 | +1.95% | -0.41% | View data |
| 8 | 8 Portugal | 3.02 | 2023 | -1.98% | -4.01% | View data |
| 9 | 9 Slovakia | 1.95 | 2023 | -2.73% | +3.26% | View data |
| 10 | 10 Croatia | 1.41 | 2023 | -2.06% | -1.6% | View data |
