In 2023, Italy led European Environmentally Related Tax Revenue in Accommodation and Food Services, generating $31.11 million, followed by the UK with $10.95 million. Notably high increases were witnessed in the Netherlands and Switzerland with 3.19% and 2.17% year-on-year growth, respectively. While Spain, Poland, and Norway experienced declines, Denmark faced the steepest drop at -16.04%. The smaller nations, namely Slovenia and Serbia, saw reasonable growth at around 3%. Over five years, significant CAGR shifts are anticipated as countries strengthen environmental policies and investments in sustainable practices.
Future trends to watch include:
- The impact of enhanced environmental regulations in leading countries like Italy and the UK.
- Emerging markets in smaller countries, driven by increased sustainability efforts.
- Potential technological advancements facilitating reduced environmental harm in the accommodation and food service sectors.
- Broad economic factors affecting consumer and business investments in green technologies.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Accommodation and Food Service Activities Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 31.11 | 2023 | +1.37% | +1.86% | View data |
| 2 | 2 United Kingdom | 10.95 | 2023 | +1.19% | +0.84% | View data |
| 3 | 3 Spain | 8.56 | 2023 | +7.7% | -0.95% | View data |
| 4 | 4 Germany | 8.21 | 2023 | +0.8% | +0.27% | View data |
| 5 | 5 Netherlands | 8.17 | 2023 | +10.03% | +3.19% | View data |
| 6 | 6 France | 6.74 | 2023 | +2.95% | +0.46% | View data |
| 7 | 7 Belgium | 4.64 | 2023 | +1.68% | +0.58% | View data |
| 8 | 8 Greece | 3.79 | 2023 | +0.82% | +0.73% | View data |
| 9 | 9 Switzerland | 3.27 | 2023 | +3.14% | +2.17% | View data |
| 10 | 10 Sweden | 1.85 | 2023 | +0.75% | -0.059% | View data |
