In 2023, the European environmentally related tax revenue from all environmental taxes in travel agencies and related activities showed diverse patterns across countries. Sweden led with a significant value of $57.92M, followed by Norway and Portugal. Year-on-year growth was notable in Sweden at 9.45%, while countries like Denmark, Cyprus, Latvia, and Malta experienced negative growth rates, with Latvia and Malta facing severe declines over the past year. The average annual growth over the last five years highlighted the sustained strength in Sweden, while Southern and Western European countries displayed moderate increases or marginal declines.
Future trends to watch include the influence of stricter environmental regulations, which could increase tax revenue as countries implement more robust sustainability measures. The shift in consumer behavior toward eco-friendly travel could also impact tax figures, with potential growth opportunities mainly in countries currently with lower revenues. Furthermore, the travel industry's recovery post-pandemic and the push for green energy adoption will likely dictate shifts in the tax revenue landscape across Europe.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Travel Agency, Tour Operator Reservation Service and Related Activities by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 57.92 | 2023 | +6.29% | +9.45% | View data |
| 2 | 2 Norway | 49.76 | 2023 | +5.8% | +4.37% | View data |
| 3 | 3 Portugal | 17.94 | 2023 | +5.51% | +1.99% | View data |
| 4 | 4 Netherlands | 9.53 | 2023 | +15.1% | +6.03% | View data |
| 5 | 5 Switzerland | 8.27 | 2023 | +3.21% | +2.32% | View data |
| 6 | 6 Ireland | 6.01 | 2023 | -0.022% | +6.7% | View data |
| 7 | 7 Belgium | 5.27 | 2023 | +2.82% | +2.02% | View data |
| 8 | 8 Iceland | 2.64 | 2023 | +4.29% | +4.87% | View data |
| 9 | 9 Romania | 2.03 | 2023 | -0.6% | +1.97% | View data |
| 10 | 10 Denmark | 1.72 | 2023 | +4.43% | -3.3% | View data |
