In 2023, the United Kingdom led global tax expenditure on natural gas at $4.14 billion, despite a recent 2.04% decline. China exhibited significant growth with a 20.94% increase, followed by France with a 2.76% rise. Contrastingly, Germany and Brazil faced reductions, at -1.63% and -10.01% respectively. Mexico's expenditure surged by 277.46%, while Sweden and Colombia saw sharp declines of -15.96% and -16.64%. Overall variations suggest fluctuating expenditures, heavily influenced by regional economic and policy changes over recent years, with several nations adjusting tax strategies.
Looking ahead, nations may continue to adjust policies to balance energy transition demands and economic impacts. Key areas include renewable energy integration, geopolitical influences on gas markets, and regional policy reforms. Monitoring these trends could provide deeper insights into future tax expenditure shifts on natural gas for consumers globally.
Top countries in Tax Expenditure on Natural Gas for Consumers by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 4,140 | 2023 | -2.04% | -2.04% | View data |
| 2 | 2 China | 1,810 | 2023 | +22.49% | +20.94% | View data |
| 3 | 3 France | 1,180 | 2023 | +5.34% | +2.76% | View data |
| 4 | 4 United States | 809.71 | 2023 | +3.01% | +1.18% | View data |
| 5 | 5 Germany | 784.81 | 2023 | -2.25% | -1.63% | View data |
| 6 | 6 Brazil | 763.89 | 2023 | -8.85% | -10.01% | View data |
| 7 | 7 Switzerland | 293.96 | 2023 | +6.82% | +8.18% | View data |
| 8 | 8 Netherlands | 217.59 | 2023 | +5.48% | +3.25% | View data |
| 9 | 9 Austria | 205.35 | 2023 | -0.98% | -1.36% | View data |
| 10 | 10 Canada | 145.2 | 2023 | +0.99% | +1.04% | View data |
