The analysis of Global Total Support on Petroleum for Residential by Country indicates that, as of 2023, Belgium had the highest support relative to GDP at 0.3%, followed closely by Greece with 0.26%. Conversely, Slovenia and Luxembourg exhibited the lowest support. In the past year, Greece and Ukraine experienced significant increases in support, contrasting with declines in other countries, notably Luxembourg and Slovenia. Over a five-year horizon, the average annual variation (CAGR) suggests a broader decline in support across most countries except Greece and Ukraine.
Looking forward, global efforts to reduce carbon emissions might drive a decrease in petroleum support for residential use, with countries transitioning towards renewable energy sources. Monitoring policy changes and energy market shifts will be essential to understand how these predictions unfold.
Top countries in Total Support on Petroleum for Residential by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 0.3 | 2023 | 0% | -1.4% | View data |
| 2 | 2 Greece | 0.26 | 2023 | +7.79% | +15.13% | View data |
| 3 | 3 Ireland | 0.054 | 2023 | -1.82% | -2.09% | View data |
| 4 | 4 Lithuania | 0.05 | 2023 | -1.96% | +0.4% | View data |
| 5 | 5 Indonesia | 0.038 | 2023 | -39.68% | -7.13% | View data |
| 6 | 6 Ukraine | 0.035 | 2023 | +29.63% | +6.13% | View data |
| 7 | 7 Italy | 0.011 | 2023 | -8.33% | -7.22% | View data |
| 8 | 8 United Kingdom | 0.011 | 2023 | 0% | -4.71% | View data |
| 9 | 9 Argentina | 0.007 | 2023 | 0% | +3.13% | View data |
| 10 | 10 Canada | 0.003 | 2023 | 0% | 0% | View data |
