In 2023, Greece led global tax expenditure on end-use electricity at 0.35% of GDP, increasing by 2.92% year-on-year. Italy and France showed significant growth at 9.06% and 10.76% respectively. Notably, the United States and Canada saw the highest year-on-year increases, at 26.58% and 43.1%, suggesting increased fiscal focus on electricity expenditures. Conversely, Moldova, Germany, and Colombia experienced reductions, with Moldova's expenditure declining by 5.93%.
Future trends to watch include potential policy shifts towards sustainable energy solutions impacting tax expenditures. Nations may realign electricity spending to support green initiatives and energy efficiency improvements, affecting overall expenditure trajectories.
Top countries in Tax Expenditure on End-Use Electricity for All Beneficiaries or Sectors by Country
| # | 9 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Greece | 0.35 | 2023 | +4.15% | +2.92% | View data |
| 2 | 2 Moldova | 0.22 | 2023 | -7.23% | -5.93% | View data |
| 3 | 3 Italy | 0.11 | 2023 | +5.88% | +9.06% | View data |
| 4 | 4 Finland | 0.05 | 2023 | +2.04% | +0.4% | View data |
| 5 | 5 Germany | 0.043 | 2023 | -8.51% | -5.81% | View data |
| 6 | 6 Colombia | 0.018 | 2023 | -14.29% | -8.46% | View data |
| 7 | 7 United States | 0.013 | 2023 | +18.18% | +26.58% | View data |
| 8 | 8 France | 0.01 | 2023 | +11.11% | +10.76% | View data |
| 9 | 9 Canada | 0.006 | 2023 | 0% | +43.1% | View data |
