In 2023, Germany led in environmental protection spending with 41.72 million Euros, showing a growth of 1.74%. Belgium and France followed, with Belgium decreasing by 0.63% and France increasing by 0.87%. Greece saw a modest increase of 0.64%, whereas significant declines were noted in Italy (-8.01%) and the Netherlands (-1.47%). Spain and Luxembourg showed positive growths at 3.46% and 3.2%, respectively. Smaller economies like Lithuania grew by 6.26%, while Latvia faced a steep decline of 17.55%.
Future trends to monitor include:
- Accelerated investments in climate-related activities, potentially increasing expenditures in Germany and France.
- Potential fiscal conservatism impacting transfer values in countries with high public debt, like Italy and Greece.
- The influence of EU-driven green policies on smaller economies like Lithuania and Estonia, possibly stabilizing or increasing their spending.
Top countries in Current and Capital Transfers Paid for Environmental Protection in All Environmental Protection Activities in All Activities by the Public Sector Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 41.72 | 2023 | +2.87% | +1.74% | View data |
| 2 | 2 Belgium | 19.25 | 2023 | -0.67% | -0.63% | View data |
| 3 | 3 France | 12.78 | 2023 | +2.5% | +0.87% | View data |
| 4 | 4 Greece | 8.8 | 2023 | -0.36% | +0.64% | View data |
| 5 | 5 Netherlands | 3.2 | 2023 | -1.19% | -1.47% | View data |
| 6 | 6 Italy | 3.15 | 2023 | -10.42% | -8.01% | View data |
| 7 | 7 Spain | 3.07 | 2023 | -0.76% | +3.46% | View data |
| 8 | 8 Ireland | 2.66 | 2023 | -2.42% | -3.6% | View data |
| 9 | 9 Finland | 2.29 | 2023 | -3.19% | -3.02% | View data |
| 10 | 10 Luxembourg | 0.65 | 2023 | +4.17% | +3.2% | View data |
