The global tax expenditure on natural gas for electricity generation shows a varied landscape by country. In 2023, Brazil led with $118.82 million, despite an 8.65% decrease. Ireland followed with significant growth at 9.91%, reaching $25.38 million. Finland faced a shrinkage of 12.03%, settling at $22.72 million. Notably, Lithuania experienced robust growth, with a 17.57% increase, standing at $3.24 million. Estonia marked the largest decline at 31.61%, decreasing to $0.15 million. Meanwhile, Slovenia reported nominal expenditure at $0.038 million with a modest rise of 2.25%.
Future trends to watch include potential shifts toward renewable energy impacting tax expenditures on natural gas. Countries may continue diversifying their energy mix, which could influence future expenditure patterns, especially given the variable growth and decline rates observed in different countries.
Top countries in Tax Expenditure on Natural Gas for Electricity Generation by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 118.82 | 2023 | +4.29% | -8.65% | View data |
| 2 | 2 Ireland | 25.38 | 2023 | +3.78% | +9.91% | View data |
| 3 | 3 Finland | 22.72 | 2023 | -8.45% | -12.03% | View data |
| 4 | 4 Hungary | 17.82 | 2023 | +3.39% | +2% | View data |
| 5 | 5 Czech Republic | 15.55 | 2023 | +1.26% | +1.55% | View data |
| 6 | 6 Slovakia | 8.47 | 2023 | -0.45% | -1.75% | View data |
| 7 | 7 Latvia | 3.67 | 2023 | -0.92% | -3.15% | View data |
| 8 | 8 Lithuania | 3.24 | 2023 | +13.06% | +17.57% | View data |
| 9 | 9 Armenia | 2.74 | 2023 | +3.28% | +4.68% | View data |
| 10 | 10 Estonia | 0.15 | 2023 | -35.83% | -31.61% | View data |
