The data for 2023 shows Mexico provided the highest total support for petroleum producers relative to GDP, followed by Russia, Azerbaijan, and Argentina. The UK and Denmark showed significant positive trends with 16.75% and 36.36% growth respectively. In contrast, countries like Russia, Azerbaijan, and Brazil saw reductions in support. Meanwhile, the United States exhibited a slight negative support level.
Looking ahead to future trends, expect shifts as countries respond to economic pressures, shifts toward sustainable energy, and changing geopolitical landscapes. Policymakers might adjust support levels emphasizing sustainability, diversifying energy portfolios, or altering fiscal policies based on environmental commitments.
Top countries in Total Support on Petroleum for Producers by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 1.26 | 2023 | +29.54% | View data | |
| 2 | 2 Russia | 0.97 | 2023 | +13.58% | -0.59% | View data |
| 3 | 3 Azerbaijan | 0.44 | 2023 | +37.58% | -0.88% | View data |
| 4 | 4 Argentina | 0.24 | 2023 | +6.11% | +7.92% | View data |
| 5 | 5 United Kingdom | 0.15 | 2023 | +3.36% | +16.75% | View data |
| 6 | 6 Denmark | 0.066 | 2023 | +20% | +36.36% | View data |
| 7 | 7 Brazil | 0.064 | 2023 | -13.51% | -12.39% | View data |
| 8 | 8 Indonesia | 0.053 | 2023 | +3.92% | +32.45% | View data |
| 9 | 9 China | 0.009 | 2023 | -18.18% | -7.09% | View data |
| 10 | 10 France | 0.009 | 2023 | +12.5% | 0% | View data |
