The United Kingdom leads in global tax expenditure on residential natural gas at $3.96 billion in 2023, despite a 2.71% year-on-year decrease. China follows with a significant growth of 20.94%, reaching $1.81 billion. The United States shows moderate growth at 1.48%, totaling $0.70702 billion. Italy and Ireland display notable positive trends with 12.78% and 8.01% growth respectively, whereas Lithuania, Brazil, and Moldova have experienced declines in expenditures by 2.28%, 4.62%, and 7.66% respectively.
Future trends to watch for include China's continued growth driven by economic expansion, potential policy shifts in European countries like the UK and Italy, and the impact of renewable energy transitions which may alter residential natural gas usage and associated tax expenditures globally.
Top countries in Tax Expenditure on Natural Gas for Residential by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 3,960 | 2023 | -2.47% | -2.71% | View data |
| 2 | 2 China | 1,810 | 2023 | +22.49% | +20.94% | View data |
| 3 | 3 United States | 707.02 | 2023 | +1.9% | +1.48% | View data |
| 4 | 4 Italy | 269.78 | 2023 | +9.04% | +12.78% | View data |
| 5 | 5 Canada | 97.78 | 2023 | +0.22% | +1.31% | View data |
| 6 | 6 Hungary | 82.59 | 2023 | +2.38% | -1.64% | View data |
| 7 | 7 Czech Republic | 63.29 | 2023 | +1.95% | +1.24% | View data |
| 8 | 8 Lithuania | 45.99 | 2023 | -3.07% | -2.28% | View data |
| 9 | 9 Brazil | 30.03 | 2023 | -3.34% | -4.62% | View data |
| 10 | 10 Slovakia | 26.01 | 2023 | +1.1% | +0.71% | View data |
