In 2023, Azerbaijan led with the highest GDP proportion devoted to direct transfers on fossil fuels for producers, despite a significant 9.11% year-on-year increase. Conversely, Argentina and Belarus experienced notable reductions of 15.52% and 19.05%, respectively. Germany and Israel saw modest increases, while Chile, China, and Japan displayed moderate upticks. South Korea's growth was comparable to Japan's, and India's expenditure remained stagnant. Across the last five years, trends suggest inconsistent fluctuations, with highs and lows reflective of economic shifts and policy changes.
Future trends to monitor include the potential impact of global sustainability initiatives, shifting energy policies, and economic recovery post-pandemic. These factors may redefine producer subsidies and ultimately influence country rankings and transfer levels.
Top countries in Direct Transfer on All Fossil Fuels for Producers by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Azerbaijan | 1.86 | 2023 | +35.87% | +9.11% | View data |
| 2 | 2 Argentina | 0.23 | 2023 | -15.16% | -15.52% | View data |
| 3 | 3 Belarus | 0.049 | 2023 | -9.26% | -19.05% | View data |
| 4 | 4 Germany | 0.045 | 2023 | 0% | +2.38% | View data |
| 5 | 5 Israel | 0.043 | 2023 | 0% | +5.44% | View data |
| 6 | 6 Chile | 0.038 | 2023 | +8.57% | +4.16% | View data |
| 7 | 7 China | 0.026 | 2023 | +4% | +3.4% | View data |
| 8 | 8 Japan | 0.015 | 2023 | 0% | +8.45% | View data |
| 9 | 9 South Korea | 0.007 | 2023 | 0% | +6.96% | View data |
| 10 | 10 India | 0.001 | 2023 | 0% | 0% | View data |
