The analysis of Global Environmentally-Related Energy Tax Revenue by country shows interesting year-on-year variations and trends. Among the countries, Estonia leads with significant growth, exhibiting a 2.17% increase from the previous year. The Philippines and Namibia also saw substantial increases at 11.81% and 21.79%, respectively. Conversely, countries like Trinidad and Tobago, Denmark, and Ireland experienced notable declines in their environmentally-related energy tax revenues with -25.98%, -6.64%, and -5.14%, respectively. Over a five-year CAGR, Singapore, Antigua and Barbuda, and Panama show promising growth prospects.
Future trends to watch include the influence of changing environmental policies on tax revenues, the adoption of green technologies, and the economic recovery post-pandemic, which could significantly impact these numbers. Additionally, countries with large growth rates might continue this trend due to increased focus on sustainable initiatives and investing in eco-friendly projects.
Top countries in Environmentally-Related Energy Tax Revenue by Country
| # | 10 Countries | Percent of Tax Revenue | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Madagascar | 13.3 | 2023 | +4.64% | +1.26% | View data |
| 2 | 2 Guyana | 12.49 | 2023 | +10.53% | +0.87% | View data |
| 3 | 3 Eswatini (Swaziland) | 10.98 | 2023 | |||
| 4 | 4 Slovenia | 9.2 | 2023 | +2.91% | +0.64% | View data |
| 5 | 5 Ghana | 8.98 | 2023 | -0.77% | +0.85% | View data |
| 6 | 6 Croatia | 8.52 | 2023 | +0.12% | -0.85% | View data |
| 7 | 7 Estonia | 8.14 | 2023 | +6.27% | +2.17% | View data |
| 8 | 8 Bulgaria | 8.1 | 2023 | -0.86% | +1.34% | View data |
| 9 | 9 Romania | 7.81 | 2023 | +2.23% | +1.58% | View data |
| 10 | 10 Burkina Faso | 6.81 | 2023 | +1.34% | +0.12% | View data |
