The 2023 landscape of global tax expenditures on natural gas reveals Mexico as the leading spender with significant growth, followed by the United Kingdom and Denmark. In contrast, countries like Canada, the United States, Brazil, Indonesia, Estonia, and Greece experienced declines. The average annual growth rate over the last five years showcases Mexico with the steepest increase, while the U.S. sees a contraction in expenditure. European nations primarily maintain stability.
Looking forward, the trend indicates a potential reshuffle as geopolitical shifts and climate policies may drive changes in fiscal policies related to natural gas, especially in regions heavily investing in renewable energy transition.
Top countries in Tax Expenditure on Natural Gas for Producers by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 3,040 | 2023 | +28.57% | +147.46% | View data |
| 2 | 2 United Kingdom | 2,110 | 2023 | +8.72% | +15.92% | View data |
| 3 | 3 Denmark | 483.93 | 2023 | +19.78% | +36.25% | View data |
| 4 | 4 Canada | 388.87 | 2023 | -7.99% | -7.78% | View data |
| 5 | 5 Japan | 339.92 | 2023 | +0.9% | +3.1% | View data |
| 6 | 6 United States | 227.51 | 2023 | -27.29% | -20.12% | View data |
| 7 | 7 Brazil | 203.73 | 2023 | -8.13% | -6.57% | View data |
| 8 | 8 China | 187.93 | 2023 | -28.61% | +1.47% | View data |
| 9 | 9 France | 184.26 | 2023 | +12.49% | +4.87% | View data |
| 10 | 10 Colombia | 109.96 | 2023 | +2.6% | -0.78% | View data |
