In 2023, Italy led in environmentally related tax revenue in the accommodation and food service activities sector across Europe, with a tax revenue of 1.74 billion USD PPP. The United Kingdom and Spain followed suit, but there was a significant disparity between them and Italy. Notable growth was seen in the Netherlands with a 3.59% increase from the previous year, while Poland experienced a decline of 2.53%. Noteworthy increases were also recorded in Slovenia and Serbia. Over the past five years, environmental tax revenue trends reveal progressive growth across most European countries, albeit at varying rates.
Looking forward, the emphasis on sustainable practices and environmental taxes is anticipated to increase. Countries with rising environmental consciousness and strong policy support may see a surge in environmentally related tax revenue. Emerging regulatory frameworks, coupled with consumer-driven sustainability demands, could shape future tax revenue trends. Continuous monitoring of policy changes and economic conditions in the region will be critical for accurately forecasting these trends.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Accommodation and Food Service Activities by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,740 | 2023 | +1.79% | +3.03% | View data |
| 2 | 2 United Kingdom | 551.14 | 2023 | +1.52% | +1.56% | View data |
| 3 | 3 Spain | 548.25 | 2023 | +9.15% | +0.76% | View data |
| 4 | 4 Netherlands | 396.75 | 2023 | +10.48% | +3.59% | View data |
| 5 | 5 France | 365.32 | 2023 | +7.61% | +2.61% | View data |
| 6 | 6 Belgium | 230.58 | 2023 | +1.88% | +1.41% | View data |
| 7 | 7 Poland | 164.95 | 2023 | +1.88% | -2.53% | View data |
| 8 | 8 Switzerland | 123.89 | 2023 | +2.99% | +2.26% | View data |
| 9 | 9 Portugal | 112.71 | 2023 | +4.34% | +2.82% | View data |
| 10 | 10 Sweden | 88.01 | 2023 | +1.62% | +1.6% | View data |
