In 2023, Italy led European countries with $823.78 million in environmentally related tax revenue from taxes on energy within the manufacturing of fabricated metal products industry, marking a significant growth of 9.27% from the previous year. In contrast, Spain and Poland experienced declines of 3.6% and 4.74%, respectively. Austria saw a notable decrease of 16.42%. In terms of consistent growth, Serbia showed a positive trend with a 5.12% increase, while smaller economies like Iceland saw a modest rise of 3.69%.
Future trends to watch include the potential for increased tax revenues in larger economies as they implement more stringent environmental regulations. Meanwhile, smaller and developing European countries may see variable trends based on economic conditions and energy policy adjustments.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing of Fabricated Metal Products (Except Machinery and Equipment) by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 823.78 | 2023 | +3.04% | +9.27% | View data |
| 2 | 2 United Kingdom | 164.99 | 2023 | +1.58% | +1.36% | View data |
| 3 | 3 Spain | 79.13 | 2023 | +0.16% | -3.6% | View data |
| 4 | 4 Switzerland | 63.31 | 2023 | +2.37% | +1.21% | View data |
| 5 | 5 Poland | 42.45 | 2023 | +0.21% | -4.74% | View data |
| 6 | 6 Czech Republic | 34.44 | 2023 | -1.5% | -2.4% | View data |
| 7 | 7 Romania | 12.2 | 2023 | +2.19% | +1.07% | View data |
| 8 | 8 Finland | 10.37 | 2023 | +1.5% | +0.076% | View data |
| 9 | 9 Serbia | 9.04 | 2023 | +3.04% | +5.12% | View data |
| 10 | 10 Austria | 8.53 | 2023 | -20.77% | -16.42% | View data |
