The global direct transfer on fossil fuels relative to GDP across countries shows varied engagement, with Ukraine and Argentina leading while countries like New Zealand show minimal participation. Noteworthy year-on-year variations in 2023 include a significant increase in Mexico and Canada, while Indonesia saw a substantial decline. Over the past five years, these variations highlight a dynamic landscape influenced by geopolitical, economic, and environmental factors, affecting each country's GDP proportion spending on fossil fuels differently.
Future trends to watch include the possible reduction in fossil fuel transfers as countries increasingly pivot towards sustainable energy alternatives, the influence of global policies on fossil fuel subsidies, and economic shifts influencing GDP allocations towards greener technologies.
Top countries in Direct Transfer on All Fossil Fuels for All Beneficiaries or Sectors by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 1.6 | 2023 | -0.75% | -2.89% | View data |
| 2 | 2 Argentina | 1.38 | 2023 | +9.46% | -0.56% | View data |
| 3 | 3 Mexico | 1.04 | 2023 | +24.22% | +45.29% | View data |
| 4 | 4 Chile | 0.6 | 2023 | +13.74% | +11.11% | View data |
| 5 | 5 Colombia | 0.33 | 2023 | +6.49% | -8.59% | View data |
| 6 | 6 Slovakia | 0.14 | 2023 | +2.22% | +1.2% | View data |
| 7 | 7 Latvia | 0.14 | 2023 | -6.21% | -7.14% | View data |
| 8 | 8 Brazil | 0.11 | 2023 | +2.73% | -7.73% | View data |
| 9 | 9 Canada | 0.11 | 2023 | +23.6% | +105.52% | View data |
| 10 | 10 China | 0.1 | 2023 | -16.67% | -9.42% | View data |
