The global total support for petroleum in transportation shows significant disparities among countries in 2024. China leads with considerable expenditure, followed by Australia and Italy. Notably, in 2023, Belgium and Russia exhibited the highest growth rates, while several countries like Argentina, United States, and Colombia witnessed declines. Over the past five years, several nations indulged in steady investment, with countries like Ukraine and Sweden marking notable uptrends. Meanwhile, New Zealand and Portugal displayed the least financial support.
Future trends to watch include:
- Potential shifts towards renewable energy sources impacting petroleum support.
- Economic policy changes, especially in China and European countries, influencing investments.
- Geopolitical dynamics potentially affecting Russia's growth trajectory.
- The impact of technological advancements in transportation infrastructure on petroleum demand.
Top countries in Total Support on Petroleum for Transportation by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 20,600 | 2023 | -1.78% | +1.1% | View data |
| 2 | 2 Australia | 6,310 | 2023 | +4.86% | +3.54% | View data |
| 3 | 3 Italy | 5,900 | 2023 | +5.22% | +2.26% | View data |
| 4 | 4 France | 5,310 | 2023 | +6.23% | +5.83% | View data |
| 5 | 5 Switzerland | 2,330 | 2023 | +11.77% | +0.57% | View data |
| 6 | 6 South Africa | 2,050 | 2023 | +7.54% | +2.46% | View data |
| 7 | 7 Ireland | 1,850 | 2023 | +8.63% | +0.56% | View data |
| 8 | 8 Sweden | 1,580 | 2023 | +1.34% | +8.98% | View data |
| 9 | 9 Chile | 1,430 | 2023 | +10.4% | +6.7% | View data |
| 10 | 10 Argentina | 1,220 | 2023 | -2.63% | -4.79% | View data |
