The analysis of European National Taxes Less Subsidies on Products reveals that France leads significantly with a €68.11 million share, followed by Belgium and Portugal with €12.8 million and €7.09 million, respectively. Smaller economies like Luxembourg, Slovenia, and Latvia have shares below €2 million. Year-on-year data for 2023 indicate growth across most countries, notably Ireland at 4.49% and Estonia at 3.98%. Conversely, Andorra and San Marino experienced slight declines.
Future trends to watch include:
- Economic policies impacting tax structures in larger economies like France and Belgium.
- The potential for digital tax reforms across the EU affecting national tax revenues.
- The geopolitical impact on fiscal policies, especially for smaller economies.
- Sector-specific subsidies influencing the net tax shares in emerging markets within Europe.
Top countries in National Taxes Less Subsidies on Products Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 68.11 | 2023 | +2.32% | +2% | View data |
| 2 | 2 Belgium | 12.8 | 2023 | +2.21% | +1.71% | View data |
| 3 | 3 Portugal | 7.09 | 2023 | +4.26% | +1.63% | View data |
| 4 | 4 Ireland | 6.3 | 2023 | +9.62% | +4.49% | View data |
| 5 | 5 Luxembourg | 1.51 | 2023 | +2.5% | +3.09% | View data |
| 6 | 6 Slovenia | 1.51 | 2023 | +4.9% | +1.62% | View data |
| 7 | 7 Latvia | 1.04 | 2023 | +3.05% | +2.83% | View data |
| 8 | 8 Estonia | 0.97 | 2023 | +3.76% | +3.98% | View data |
| 9 | 9 Kosovo | 0.35 | 2023 | +7.46% | +2.93% | View data |
| 10 | 10 Montenegro | 0.23 | 2023 | +8.89% | +3.48% | View data |
