In 2023, global tax expenditure on end-use electricity varied significantly by country. Italy led with $2.2 billion, experiencing an 8.64% growth year-over-year. Germany, at $1.92 billion, saw a decrease of 3.55%, while the United States increased expenditures by 3.47% to $1.07 billion. Notably, Canada's expenditure nearly doubled with a 98.71% rise. Greece, France, and Finland experienced moderate fluctuations, whereas Austria, Colombia, Moldova, and Ireland saw slight declines, with drops ranging from 1.36% to 5.65%.
Looking forward, attention should focus on renewable energy policies and economic recovery strategies, which may significantly influence future tax expenditures on electricity across these countries. These trends will likely affect budgetary allocations and sector growth, shaping the landscape of global energy markets.
Top countries in Tax Expenditure on End-Use Electricity for All Beneficiaries or Sectors by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 2,200 | 2023 | +6.25% | +8.64% | View data |
| 2 | 2 Germany | 1,920 | 2023 | -4.83% | -3.55% | View data |
| 3 | 3 United States | 1,070 | 2023 | -0.81% | +3.47% | View data |
| 4 | 4 Greece | 665.9 | 2023 | +3.25% | +1.59% | View data |
| 5 | 5 Canada | 575.02 | 2023 | +30.6% | +98.71% | View data |
| 6 | 6 France | 260.98 | 2023 | +9.29% | +7.62% | View data |
| 7 | 7 Finland | 137.51 | 2023 | +1.87% | +0.55% | View data |
| 8 | 8 Austria | 65.85 | 2023 | -2.19% | -2.2% | View data |
| 9 | 9 Colombia | 58.3 | 2023 | -8.55% | -5.65% | View data |
| 10 | 10 Moldova | 30.66 | 2023 | -2.09% | -3.47% | View data |
