Based on the 2023 data expressed as a percentage of GDP, Mexico had the highest tax expenditure on natural gas at 0.29%, followed by the United Kingdom at 0.075%. Mexico saw the largest year-over-year increase of 150.35%, while the United States experienced a complete 100% decrease. Countries like Russia and Japan showed modest increases of 11.84% and 5.92%, respectively. Conversely, several countries exhibited reductions, notably Canada with a 10.99% decline and Austria with a decrease of 6.89%.
Looking forward, the global tax expenditure on natural gas for producers is expected to evolve in response to environmental policies and market dynamics. Countries may adjust tax expenditures to encourage cleaner energy alternatives, impacting investment levels in natural gas production. Additionally, geopolitical tensions and global energy demand shifts could lead to further variations in tax expenditure distributions by country.
Top countries in Tax Expenditure on Natural Gas for Producers by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 0.29 | 2023 | +29.39% | +150.35% | View data |
| 2 | 2 United Kingdom | 0.075 | 2023 | +2.74% | +16.47% | View data |
| 3 | 3 Colombia | 0.034 | 2023 | 0% | -3.68% | View data |
| 4 | 4 Ireland | 0.029 | 2023 | +20.83% | +0.7% | View data |
| 5 | 5 Canada | 0.019 | 2023 | -13.64% | -10.99% | View data |
| 6 | 6 Brazil | 0.014 | 2023 | -6.67% | -5.92% | View data |
| 7 | 7 Japan | 0.008 | 2023 | +14.29% | +5.92% | View data |
| 8 | 8 Russia | 0.007 | 2023 | +16.67% | +11.84% | View data |
| 9 | 9 Austria | 0.007 | 2023 | -12.5% | -6.89% | View data |
| 10 | 10 France | 0.007 | 2023 | +16.67% | +6.96% | View data |
