In 2023, Europe saw significant variation in environmentally related tax revenues from the chemical and pharmaceutical manufacturing sectors. France led with $3.28 billion, marking a slight decline. Germany and Poland also contributed significantly, with increases of 1.68% and 9.19%, respectively. Although smaller economies like Hungary and Estonia experienced growth, countries like Finland and the Czech Republic took a downward turn. Over the last five years, these revenues have seen an average compound annual growth rate in line with these mixed year-on-year trends, indicating fluctuating financial impacts of environmental taxes across the continent.
Future trends to watch include:
- Continued growth in Eastern European countries like Poland and Hungary as they align with EU environmental directives.
- Potential policy changes in Western Europe, which may stabilize or influence tax revenue trends.
- Innovations in chemical manufacturing that could impact the overall tax landscape through improved environmental practices.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Manufacturing of Chemicals, Basic Pharmaceuticals and Preparations by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 3,280 | 2023 | +3.94% | -0.36% | View data |
| 2 | 2 Germany | 1,590 | 2023 | +1% | +1.68% | View data |
| 3 | 3 Poland | 787.83 | 2023 | +4.23% | +9.19% | View data |
| 4 | 4 Italy | 557.6 | 2023 | +0.95% | +0.91% | View data |
| 5 | 5 Romania | 424.12 | 2023 | +2.33% | +6.17% | View data |
| 6 | 6 Serbia | 381.03 | 2023 | +2.76% | +0.42% | View data |
| 7 | 7 Spain | 344.66 | 2023 | +4.79% | +3.67% | View data |
| 8 | 8 Czech Republic | 295.85 | 2023 | -4.31% | -4.67% | View data |
| 9 | 9 Belgium | 235.59 | 2023 | -4.05% | -1.74% | View data |
| 10 | 10 Hungary | 169.63 | 2023 | +2.55% | +9.35% | View data |
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