In 2023, Italy led the European rankings in environmentally related tax revenue within the manufacturing of electrical equipment with $528.48 million PPP. Significant growth was reported with a 32.66% increase year-on-year. Spain and Germany followed, with Spain experiencing a modest increase, while Germany saw a decline of 7.02%. France saw a minor increase, and Ireland experienced a slight reduction. Several countries including the UK, Romania, and Cyprus recorded declines, while growth was noted in Slovakia, Greece, and Lithuania. The last five years show varying CAGR trends, with Italy projecting robust growth, whereas others like Iceland face declines.
Future trends suggest that the sector may continue to see growth in countries investing in green technologies and implementing tighter environmental regulations. As the global emphasis on sustainable and eco-friendly manufacturing strengthens, countries like Italy could further capitalize on this trend, while those with declining revenues may re-evaluate their policies to boost their environmental tax revenues.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Manufacturing of Electrical Equipment by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 528.48 | 2023 | +5.81% | +32.66% | View data |
| 2 | 2 Spain | 151.27 | 2023 | +1.15% | +1.34% | View data |
| 3 | 3 Germany | 147.91 | 2023 | -8.92% | -7.02% | View data |
| 4 | 4 France | 95.67 | 2023 | +3.88% | +1.75% | View data |
| 5 | 5 Ireland | 41.74 | 2023 | +3.63% | -0.36% | View data |
| 6 | 6 United Kingdom | 28.57 | 2023 | -2.54% | -1.68% | View data |
| 7 | 7 Austria | 25.92 | 2023 | +2.72% | +1.22% | View data |
| 8 | 8 Czech Republic | 25.14 | 2023 | +0.55% | +0.19% | View data |
| 9 | 9 Romania | 16.37 | 2023 | +1.86% | -1.3% | View data |
| 10 | 10 Belgium | 14.28 | 2023 | +1.06% | +0.72% | View data |
