In 2024, Russia leads global petroleum support by GDP at 0.98%, followed by Mexico at 0.6%. Norway and the United States displayed minimal support, with the U.S. showing a negative value. Recent trends show substantial increases in Mexico and Denmark, while Russia, Azerbaijan, and Brazil decreased. Consistent values remained for Italy, Switzerland, Greece, and the U.S.
Future trends to watch include potential shifts due to global energy transitions, regulatory impacts, and geopolitical influences. Monitoring policy changes in fossil fuel subsidies and investment in renewable energy could significantly alter support dynamics in the coming years.
Top countries in Total Support on Petroleum for Fossil Fuel Production by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Russia | 0.98 | 2023 | +13.49% | -0.68% | View data |
| 2 | 2 Mexico | 0.6 | 2023 | +17.51% | +143.89% | View data |
| 3 | 3 Azerbaijan | 0.44 | 2023 | +37.58% | -0.88% | View data |
| 4 | 4 India | 0.28 | 2023 | +1.42% | +2.99% | View data |
| 5 | 5 United Kingdom | 0.13 | 2023 | +3.23% | +15.23% | View data |
| 6 | 6 Denmark | 0.12 | 2023 | +18.81% | +35.78% | View data |
| 7 | 7 Brazil | 0.061 | 2023 | -19.74% | -14.31% | View data |
| 8 | 8 Indonesia | 0.049 | 2023 | +4.26% | +30.39% | View data |
| 9 | 9 Canada | 0.03 | 2023 | -3.23% | +0.68% | View data |
| 10 | 10 Norway | 0.01 | 2023 | 0% | +2.13% | View data |
