In 2023, Norway led in European Environmentally Related Tax Revenue from Taxes on Resources in Fishing and Aquaculture, with revenues of $45.23 million. Portugal and Estonia followed with $1.75 million and $1.74 million, respectively. Other notable revenues came from France at $1.43 million and Iceland at $1.3 million. Smaller markets included Croatia, Slovenia, Poland, and Serbia, with revenues ranging from $0.0085 to $0.045 million. In terms of variations from 2022 to 2023, there were notable increases in Iceland and Croatia, while Poland and Estonia saw declines.
Future trends to watch include:
- Regulatory changes in sustainability practices that might impact tax policies.
- The potential for technological advancements in aquaculture to alter taxable resources.
- Economic shifts in fishing and aquaculture industries that could influence revenue.
- Increasing focus on sustainable fishing practices potentially influencing environmental taxes.
Top countries in Environmentally Related Tax Revenue from Taxes on Resources in Fishing and Aquaculture by Country
| # | 9 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 45.23 | 2023 | +4.59% | +4.16% | View data |
| 2 | 2 Portugal | 1.75 | 2023 | +2.32% | +6.98% | View data |
| 3 | 3 Estonia | 1.74 | 2023 | -0.72% | -4.19% | View data |
| 4 | 4 France | 1.43 | 2023 | +0.12% | -4.85% | View data |
| 5 | 5 Iceland | 1.3 | 2023 | +5.72% | +7.32% | View data |
| 6 | 6 Croatia | 0.045 | 2023 | +3.89% | +10.8% | View data |
| 7 | 7 Slovenia | 0.012 | 2023 | +1.79% | -1.47% | View data |
| 8 | 8 Poland | 0.009 | 2023 | -5.5% | -17.72% | View data |
| 9 | 9 Serbia | 0.003 | 2023 | +2.58% | +2.05% | View data |
