The analysis of European Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing reveals key insights as of 2023. Italy leads with $7.05 billion, followed by France and the UK. Countries like Poland and Romania see significant growth rates of 9.1% and 5.38% respectively. Contrastingly, France and Spain experienced declines. Notably, smaller nations like Malta and Estonia show sharp increases, indicating emerging trends. Over a five-year horizon, the compound annual growth (CAGR) suggests a moderate to strong growth momentum emerging in Eastern Europe, while Western nations show varied stability.
Future trends to watch include potential shifts driven by EU energy policy changes, technology advancements in manufacturing, and environmental regulations. Poland's rapid growth and Estonia’s double-digit increase hint at larger transformations in leveraging green energy taxes for fiscal growth. Monitoring shifts in France and Spain's declining trends will also be pivotal.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 7,050 | 2023 | +1.07% | +0.45% | View data |
| 2 | 2 France | 5,830 | 2023 | +1.3% | -1.15% | View data |
| 3 | 3 United Kingdom | 3,520 | 2023 | +1.06% | +0.42% | View data |
| 4 | 4 Poland | 3,040 | 2023 | +3.98% | +9.1% | View data |
| 5 | 5 Romania | 2,530 | 2023 | +3.01% | +5.38% | View data |
| 6 | 6 Spain | 2,370 | 2023 | +0.79% | -1.9% | View data |
| 7 | 7 Belgium | 1,310 | 2023 | +1.71% | +1.76% | View data |
| 8 | 8 Finland | 884.78 | 2023 | +1.71% | -0.32% | View data |
| 9 | 9 Austria | 753.73 | 2023 | +1.51% | +2.09% | View data |
| 10 | 10 Switzerland | 645.83 | 2023 | +2.9% | +1.88% | View data |
