In 2023, Sweden led environmental tax revenue in transport-related sectors at $54.42 million, with an impressive year-on-year growth of 9.77%. Austria, Portugal, and Italy also showed positive growth at 3.48%, 3.13%, and 0.22% respectively. In contrast, Finland faced a significant decline of 19.33%. The Netherlands saw no growth, whereas Hungary experienced the highest growth rate at 36.56% year-on-year, despite its smaller market size. Countries like Cyprus and Bulgaria saw declines beyond 9%. Over the past five years, the sector has exhibited mixed results, underscoring regional disparities in tax policies and tourism activity.
Future trends to watch include:
- The impact of increasing environmental regulations across Europe, potentially leading to higher tax revenues.
- Tourism recovery post-pandemics and geopolitical events that may influence travel activities in Europe.
- Policy shifts aimed at sustainable tourism could affect tax structures, influencing future revenue patterns.
- Technological innovations in travel and tourism aimed at reducing carbon footprints might alter tax income configurations.
Top countries in Environmentally Related Tax Revenue from Taxes on Transport in Travel Agency, Tour Operator Reservation Service and Related Activities by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 54.42 | 2023 | +6.97% | +9.77% | View data |
| 2 | 2 Italy | 3.96 | 2023 | +0.57% | +0.22% | View data |
| 3 | 3 Netherlands | 2.85 | 2023 | +25.13% | View data | |
| 4 | 4 Portugal | 2.7 | 2023 | +8.4% | +3.13% | View data |
| 5 | 5 Austria | 2.58 | 2023 | +3.53% | +3.48% | View data |
| 6 | 6 Croatia | 1.41 | 2023 | -0.96% | -1.2% | View data |
| 7 | 7 Switzerland | 1.33 | 2023 | -1.4% | -2.49% | View data |
| 8 | 8 Iceland | 1.19 | 2023 | +3.98% | -0.32% | View data |
| 9 | 9 Denmark | 0.61 | 2023 | +0.48% | -1.52% | View data |
| 10 | 10 Slovakia | 0.57 | 2023 | +5.07% | +2.4% | View data |
