The global tax expenditure on natural gas for electricity generation varies significantly across countries. In 2023, Brazil led with $131.43 million. Most notable increases include Ireland's rise by 7.84% and Lithuania's significant 29.51% jump. Conversely, Finland saw a 12.07% decrease. Stability was observed in Slovenia, showing no change, whereas Armenia's expenditures grew by 4.8%. Over the last five years, the Compound Annual Growth Rate (CAGR) highlights these disparities further.
Future trends to watch include geopolitical shifts affecting supply chains, evolving environmental policies, and technological advancements in renewable energy, which might impact natural gas dependency and corresponding tax expenditures globally.
Top countries in Tax Expenditure on Natural Gas for Electricity Generation by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 131.43 | 2023 | +2.75% | -11.2% | View data |
| 2 | 2 Ireland | 23.17 | 2023 | +1.51% | +7.84% | View data |
| 3 | 3 Finland | 22.71 | 2023 | -8.72% | -12.07% | View data |
| 4 | 4 Hungary | 17.23 | 2023 | +3.25% | +0.73% | View data |
| 5 | 5 Czech Republic | 16.1 | 2023 | +3.42% | +2.58% | View data |
| 6 | 6 Slovakia | 7.92 | 2023 | -0.76% | -2.77% | View data |
| 7 | 7 Lithuania | 5.22 | 2023 | +27.21% | +29.51% | View data |
| 8 | 8 Latvia | 3.85 | 2023 | +0.37% | -2.41% | View data |
| 9 | 9 Armenia | 2.7 | 2023 | +3.33% | +4.8% | View data |
| 10 | 10 Slovenia | 0.034 | 2023 | 0% | 0% | View data |
