In 2023, the Netherlands led European environmentally related tax revenue from resources in accommodation and food service activities, contributing significantly despite a slight dip of 0.5%. France and Belgium faced declines of 5.99% and 2.35%, respectively. Conversely, Cyprus and Bulgaria showed strong growth at 5.53% and 5.85%. Notably, Croatia and Latvia saw substantial increases at 12.38% and 9.16%. Poland experienced a significant decline of 49.67%. Over the past five years, the compound annual growth rate (CAGR) varied by country, illustrating diverse performance across Europe.
Future trends to watch include:
- Potential shifts in tax policies influencing environmentally related revenues.
- Growth opportunities in Eastern Europe driven by increasing environmental awareness.
- The impact of sustainable practices in accommodation and food services on tax revenues.
- Continued monitoring of macroeconomic factors affecting consumption and taxation.
Top countries in Environmentally Related Tax Revenue from Taxes on Resources in Accommodation and Food Service Activities Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 45.9 | 2023 | +8.99% | -0.5% | View data |
| 2 | 2 France | 14.67 | 2023 | +0.48% | -5.99% | View data |
| 3 | 3 Cyprus | 13.13 | 2023 | +6.67% | +5.53% | View data |
| 4 | 4 Bulgaria | 11.2 | 2023 | +4.39% | +5.85% | View data |
| 5 | 5 Croatia | 5.53 | 2023 | +4.08% | +12.38% | View data |
| 6 | 6 Slovenia | 4.72 | 2023 | -0.46% | -0.37% | View data |
| 7 | 7 Belgium | 1.62 | 2023 | +4.99% | -2.35% | View data |
| 8 | 8 Serbia | 1.55 | 2023 | +3.72% | +5% | View data |
| 9 | 9 Latvia | 1.42 | 2023 | +31.07% | +9.16% | View data |
| 10 | 10 Estonia | 0.21 | 2023 | +2.24% | +4.57% | View data |
