In 2023, China led global fossil fuel consumer support with 26.86 billion USD, showing a 1.87% increase from the previous year. The United Kingdom and Italy followed, both recording growth rates of over 3.5%. However, several countries, including India, Germany, and the United States, experienced declines, notably Indonesia and Mexico with double-digit percentage drops. Brazil marked the most significant decline at 47.59%. Over the last five years, trends indicate a varied commitment to fossil fuel support, with some nations increasing their subsidies while others focus on reducing them.
Future trends to watch include potential shifts toward more sustainable energy subsidies as countries aim to meet climate goals. Economic factors and geopolitical developments may also influence support levels, with developing nations likely adjusting policy based on both internal and global energy market dynamics.
Top countries in Total Support on All Fossil Fuels for Consumers by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 26,860 | 2023 | -0.83% | +1.87% | View data |
| 2 | 2 United Kingdom | 13,200 | 2023 | +5.8% | +3.76% | View data |
| 3 | 3 Italy | 12,690 | 2023 | +4.63% | +3.5% | View data |
| 4 | 4 India | 11,220 | 2023 | +5.85% | -2.63% | View data |
| 5 | 5 France | 10,640 | 2023 | +5.13% | +3.79% | View data |
| 6 | 6 Germany | 4,490 | 2023 | -4.02% | -4.8% | View data |
| 7 | 7 United States | 4,450 | 2023 | -3.87% | -3.96% | View data |
| 8 | 8 Belgium | 3,700 | 2023 | +2.29% | +2.02% | View data |
| 9 | 9 Argentina | 3,650 | 2023 | -0.24% | -5.59% | View data |
| 10 | 10 South Africa | 3,440 | 2023 | +6.53% | +3.6% | View data |
