Despite an overall downward trend across many European nations, Italy remains the frontrunner in Environmentally Related Tax Revenue from Taxes on Energy in Accommodation and Food Service Activities, reaching $1.4 billion, with recent growth at 2.04%. Conversely, Denmark experienced the most significant drop at -16.55%, while Slovenia showed the highest increase at 6.95%. Noteworthy are Switzerland and Belgium, both posting strong growth numbers of 2.76% and 2.78%, respectively, demonstrating resilience despite a broader European slowdown.
Future trends to watch include:
- Potential policy changes promoting investments in renewable energy, affecting tax revenue structures across Europe.
- Italy's continued dominance and its strategy in maintaining or enhancing its position.
- The impact of economic recovery post-COVID-19 on sectors like accommodation and food services.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Accommodation and Food Service Activities by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,400 | 2023 | +1.42% | +2.04% | View data |
| 2 | 2 United Kingdom | 426.27 | 2023 | +1.43% | +1.13% | View data |
| 3 | 3 Spain | 404.69 | 2023 | +7.71% | -0.96% | View data |
| 4 | 4 Germany | 371.21 | 2023 | +0.82% | +0.27% | View data |
| 5 | 5 Netherlands | 331.73 | 2023 | +10.43% | +3.46% | View data |
| 6 | 6 France | 284.82 | 2023 | +3.67% | +1.33% | View data |
| 7 | 7 Greece | 163.03 | 2023 | +2.46% | +2.43% | View data |
| 8 | 8 Switzerland | 137.6 | 2023 | +3.64% | +2.76% | View data |
| 9 | 9 Belgium | 121.2 | 2023 | +3.84% | +2.78% | View data |
| 10 | 10 Sweden | 81.65 | 2023 | +0.85% | +0.026% | View data |
