The data for European environmentally related tax revenue in manufacturing of basic metals shows significant disparities among countries, with Italy leading at 25.5 million US dollars PPP, followed by Germany and Romania. Notably, Iceland exhibited the highest year-on-year growth at over 108%, despite its small absolute contribution. Conversely, Denmark and Finland faced negative growth rates.
Over the last two years, emerging economies like Romania and Hungary showcased robust growth, whereas more developed nations like France and Finland remained stable or declined. Germany remains a pivotal player, registering a notable 7.25% growth in 2023.
The five-year trend indicates a shift towards greener manufacturing processes subject to taxation, a likely reflection of increased legislative pressures on emissions and sustainability.
Future trends may include a more aggressive transition towards sustainable manufacturing practices across the EU as climate commitments tighten. We may expect policy adjustments impacting tax rates and structures, potentially increasing revenue in countries currently lagging such as Lithuania and Estonia.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Manufacturing of Basic Metals Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 25.5 | 2023 | +0.51% | +0.29% | View data |
| 2 | 2 Germany | 22.53 | 2023 | +2.67% | +7.25% | View data |
| 3 | 3 Romania | 21.34 | 2023 | +3.52% | +8.45% | View data |
| 4 | 4 France | 15.25 | 2023 | +2.79% | -0.053% | View data |
| 5 | 5 Greece | 7.47 | 2023 | +2.28% | +2.99% | View data |
| 6 | 6 Hungary | 2.12 | 2023 | +5.29% | +19.13% | View data |
| 7 | 7 Slovenia | 1.75 | 2023 | +10.01% | +5.06% | View data |
| 8 | 8 Finland | 1.57 | 2023 | -0.4% | -7.67% | View data |
| 9 | 9 Norway | 1.02 | 2023 | +5.52% | +12.06% | View data |
| 10 | 10 Switzerland | 0.92 | 2023 | +4.08% | +4.09% | View data |
