The data shows that as of 2024, Ukraine has the highest fossil fuel support relative to GDP, while Luxembourg has the lowest. Over the past year, Mexico saw a significant rise in this support, with a 17.66% increase, contrasting sharply with Indonesia, which experienced a dramatic reduction of 46.64%. Other notable increases include South Africa and Sweden, while notable decreases are seen in Belarus, Moldova, and India. The last five years' compound annual growth rate indicates a complex landscape, with varied trends across different countries.
Future trends to watch include shifting policy environments as countries adapt to environmental commitments, fluctuating energy market dynamics, and potential geopolitical influences. These factors may drive significant changes in fossil fuel support levels, particularly in countries prioritizing renewable energy transitions or facing economic pressures.
Top countries in Total Support on All Fossil Fuels for All Beneficiaries or Sectors by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 1.76 | 2023 | -0.17% | -2.15% | View data |
| 2 | 2 Argentina | 1.56 | 2023 | +5.35% | -2.03% | View data |
| 3 | 3 South Africa | 1.36 | 2023 | +3.49% | +6.32% | View data |
| 4 | 4 Greece | 1.08 | 2023 | -1.81% | -0.53% | View data |
| 5 | 5 Russia | 1.03 | 2023 | +13.34% | -0.33% | View data |
| 6 | 6 Mexico | 0.82 | 2023 | +5.92% | +17.66% | View data |
| 7 | 7 Belgium | 0.67 | 2023 | +1.66% | +1.62% | View data |
| 8 | 8 United Kingdom | 0.63 | 2023 | +0.48% | +5.82% | View data |
| 9 | 9 Finland | 0.61 | 2023 | +0.49% | +0.5% | View data |
| 10 | 10 Chile | 0.6 | 2023 | +7.35% | +5.61% | View data |
