In 2023, the Netherlands led European environmentally related tax revenue from taxes on resources in the accommodation and food service sector with 8.54 million USD, though down 2.01% from the prior year. France followed with 2.7 million USD, experiencing a sharper decline of 7.21%. Cyprus and Bulgaria displayed robust growth, with 4.83% and 5.95% increases, respectively. Lithuania's remarkable growth at 13.89% contrasts Poland’s striking 40.16% decrease. Bulgaria and Latvia also achieved significant growth rates of 5.95% and 8.46% respectively.
Looking forward, a focus on sustainable practices and regulatory encouragement in the accommodation and food service industry is likely to drive disparate growth among countries. Countries with proactive environmental policies may see increased tax revenues, whereas others might struggle without such interventions. Monitoring shifts in regional and EU-wide environmental regulations will be crucial for predicting future tax revenue patterns.
Top countries in Environmentally Related Tax Revenue from Taxes on Resources in Accommodation and Food Service Activities by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 8.54 | 2023 | +7.84% | -2.01% | View data |
| 2 | 2 France | 2.7 | 2023 | -0.085% | -7.21% | View data |
| 3 | 3 Cyprus | 2.03 | 2023 | +6.66% | +4.83% | View data |
| 4 | 4 Bulgaria | 1.05 | 2023 | +4.61% | +5.95% | View data |
| 5 | 5 Slovenia | 0.73 | 2023 | +0.57% | +0.4% | View data |
| 6 | 6 Croatia | 0.61 | 2023 | +3.81% | +11.36% | View data |
| 7 | 7 Belgium | 0.32 | 2023 | +5% | -2.85% | View data |
| 8 | 8 Latvia | 0.18 | 2023 | +31.1% | +8.46% | View data |
| 9 | 9 Serbia | 0.13 | 2023 | +3.7% | +4.39% | View data |
| 10 | 10 Lithuania | 0.09 | 2023 | +7.01% | +13.89% | View data |
