Italy stands out with the highest environmentally related tax revenue from energy taxes in the manufacturing of electrical equipment, amounting to 517.36 million USD PPP in 2023, a significant increase of 34.86% from the previous year. France follows, with a modest increase of 0.26% to 79.27 million USD PPP. The United Kingdom experienced a slight decline of 1.23%, reaching 23.93 million USD PPP. Several countries, including the Czech Republic and Austria, showed positive but minimal increases. In contrast, Bulgaria saw a steep decrease of 32.41%.
Future trends to watch in Europe could see increased focus on renewable energy integration and evolving regulatory frameworks aimed at reducing carbon footprints. This may impact tax revenues differently across countries, depending on local policies and economic conditions supporting the manufacturing of electrical equipment.
Top countries in Environmentally Related Tax Revenue from Taxes on Energy in Manufacturing of Electrical Equipment by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 517.36 | 2023 | +5.98% | +34.86% | View data |
| 2 | 2 France | 79.27 | 2023 | +3.61% | +0.26% | View data |
| 3 | 3 United Kingdom | 23.93 | 2023 | -1.92% | -1.23% | View data |
| 4 | 4 Czech Republic | 22.35 | 2023 | +0.042% | +0.19% | View data |
| 5 | 5 Austria | 19.82 | 2023 | +2.52% | +0.53% | View data |
| 6 | 6 Romania | 16.1 | 2023 | +1.97% | -1.25% | View data |
| 7 | 7 Switzerland | 14.09 | 2023 | +1.29% | +0.078% | View data |
| 8 | 8 Greece | 7.86 | 2023 | +1.27% | +3.15% | View data |
| 9 | 9 Hungary | 4.18 | 2023 | +0.15% | +1.68% | View data |
| 10 | 10 Finland | 3.8 | 2023 | +2.45% | +0.59% | View data |
