In 2023, Brazil led with a tax expenditure on natural gas for transportation at 0.014% of GDP, despite a 6.89% decline from the previous year. France saw a notable increase of 9.46% in the same period, reaching 0.011% of GDP. Finland and Lithuania both held steady at 0.006%, with Lithuania experiencing a modest 3.71% increase. Australia's expenditure plummeted by 100%, reducing its contribution to 0.001% of GDP. Over the last five years, the compounded annual growth rate (CAGR) indicates fluctuating trends, reflecting differing national policies towards natural gas taxation.
Future trends to watch include the impact of global decarbonization efforts and local policy changes on natural gas tax expenditures. With technology developments and alternative fuel adoption, significant shifts are likely, influencing expenditure patterns differently across countries.
Top countries in Tax Expenditure on Natural Gas for Transportation by Country
| # | 5 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 0.014 | 2023 | -6.67% | -6.89% | View data |
| 2 | 2 France | 0.011 | 2023 | +10% | +9.46% | View data |
| 3 | 3 Finland | 0.006 | 2023 | +20% | View data | |
| 4 | 4 Lithuania | 0.006 | 2023 | +20% | +3.71% | View data |
| 5 | 5 Australia | 0.001 | 2023 | -100% | View data |
