The 2023 data shows Bulgaria leading in environmentally related tax revenue from resources in water supply and waste management, slightly increasing by 0.12% to $28.86 million. France, although substantial at $27.7 million, experienced a decline of 4.63%. Slovenia followed with $23.96 million, decreasing marginally by 0.049%. Latvia and Estonia presented divergent trends with changes of 3.63% and -1.73% respectively, generating $9.91 million and $7.46 million. Smaller markets like Cyprus saw substantial growth of 16.55%, albeit from a smaller base, signaling emerging potential.
Looking forward, continued growth in countries like Cyprus and Serbia suggests an upward trajectory fueled by environmental policy enhancements. However, fluctuations such as the decline in France highlight potential volatility. The focus on sustainable practices across Europe could drive higher tax revenues in nations committed to intensive environmental innovations and regulations. Monitoring technological advancements and regulatory shifts will be crucial in understanding future revenue trends across this sector.
Top countries in Environmentally Related Tax Revenue from Taxes on Resources in Water Supply; Sewerage, Waste Management and Remediation Activities Share by Country (Million US Dollars)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Bulgaria | 28.86 | 2023 | +4.3% | +0.12% | View data |
| 2 | 2 France | 27.7 | 2023 | -0.9% | -4.63% | View data |
| 3 | 3 Slovenia | 23.96 | 2023 | +0.068% | -0.049% | View data |
| 4 | 4 Latvia | 9.91 | 2023 | +3.56% | +3.63% | View data |
| 5 | 5 Estonia | 7.46 | 2023 | +0.25% | -1.73% | View data |
| 6 | 6 Croatia | 0.4 | 2023 | +3.65% | +11.13% | View data |
| 7 | 7 Denmark | 0.3 | 2023 | +2.7% | +1.75% | View data |
| 8 | 8 Serbia | 0.081 | 2023 | +2.68% | +3.99% | View data |
| 9 | 9 Cyprus | 0.046 | 2023 | +7.15% | +16.55% | View data |
