In 2023, Latvia leads in European environmentally related tax revenue in this sector with $490,000, followed by France and Croatia. Latvia and Lithuania recorded moderate growth, whereas France experienced a decline. Croatia exhibited the highest year-on-year growth of 11.75%, while Poland faced the most significant drop at -33.95%. Estonia and Bulgaria showed minimal variation.
Future trends to watch include the potential impact of increased regulation and sustainability initiatives in Europe. These may affect tax revenues by influencing production practices and resource utilization, potentially driving further growth in environmentally related tax revenues across these countries.
Top countries in Environmentally Related Tax Revenue from Taxes on Resources in Manufacturing of Wood, of Products of Wood and Cork (Except Furniture), of Articles of Straw and Plaiting Materials by Country
| # | 7 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Latvia | 0.49 | 2023 | +5.96% | +3.98% | View data |
| 2 | 2 France | 0.2 | 2023 | -2.9% | -5% | View data |
| 3 | 3 Croatia | 0.19 | 2023 | +4.01% | +11.75% | View data |
| 4 | 4 Lithuania | 0.19 | 2023 | +5.85% | +4.13% | View data |
| 5 | 5 Estonia | 0.074 | 2023 | +5.88% | +0.88% | View data |
| 6 | 6 Bulgaria | 0.037 | 2023 | -2% | -2.46% | View data |
| 7 | 7 Poland | 0.01 | 2023 | -45.36% | -33.95% | View data |
