The global tax expenditures on natural gas for producers reveal significant variations. In 2023, Mexico saw a dramatic increase of 144.32%, while Russia also experienced a substantial rise of 21.26%. The United Kingdom and China showed moderate increases of 15.22% and 5.14%, respectively. Conversely, the United States and Brazil witnessed declines of 14.7% and 11.78%. Notably, Greece faced the steepest decrease at 35.48%. Over the last five years, year-on-year trends indicate a general fluctuation in expenditures, with varied Compound Annual Growth Rates across countries, highlighting dynamic shifts in national energy policies and market conditions.
Future trends to watch for include:
- Continued policy shifts impacting tax structures, potentially affecting tax expenditure distributions.
- Rising focus on sustainable energy may alter fiscal priorities, influencing future expenditures.
- Geopolitical events and economic recovery patterns from the pandemic could further affect spending.
Top countries in Tax Expenditure on Natural Gas for Producers by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 2,970 | 2023 | +28.15% | +144.32% | View data |
| 2 | 2 United Kingdom | 2,040 | 2023 | +6.98% | +15.22% | View data |
| 3 | 3 Japan | 341.14 | 2023 | +2.76% | +4.19% | View data |
| 4 | 4 United States | 306.7 | 2023 | -17.6% | -14.7% | View data |
| 5 | 5 China | 228.89 | 2023 | -22.41% | +5.14% | View data |
| 6 | 6 Brazil | 197.27 | 2023 | -13.76% | -11.78% | View data |
| 7 | 7 France | 174.76 | 2023 | +11.44% | +3.86% | View data |
| 8 | 8 Russia | 156.08 | 2023 | +16.62% | +21.26% | View data |
| 9 | 9 Indonesia | 112.67 | 2023 | -10.03% | -8.1% | View data |
| 10 | 10 Ireland | 107.64 | 2023 | +21.28% | +0.12% | View data |
