Consumption subsidies for fossil fuels in Colombia

Colombia: Consumption subsidies for fossil fuels was 749.47 million in 2023. β—† Volatile

Latest (2023)
749.47 million
Change on year
down 91.6%
World rank
34th
of 48 countries
All-time high
8.92 billion
in 2022
All-time low
982,471
in 2014
Years of data
14
2010–2023

Consumption subsidies for fossil fuels in Colombia, 2010–2023

02.0B4.0B6.0B8.0B2010201620232010: 148.4M2011: 214.4M2012: 48.4M2013: 1.5M2014: 982.5k2015: 877.2M2016: 765.0M2017: 429.6M2018: 668.8M2019: 628.5M2020: 466.1M2021: 1.6B2022: 8.9B2023: 749.5M

Source: Our World in Data.

Analysis

In 2023, consumption subsidies for fossil fuels in Colombia stood at 749.47 million.

Compared with earlier readings it is down 91.6% on the previous year and up 49,263.3% over ten years.

Over the whole period, consumption subsidies for fossil fuels in Colombia peaked at 8.92 billion in 2022 and was at its lowest, 982,471, in 2014.

That places Colombia 34th out of 48 countries with data for 2023, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2010s 378.29 million 982,471 877.21 million 10
2020s 2.93 billion 466.13 million 8.92 billion 4

Countries ranked near Colombia

  1. 31 Bolivia 1.38 billion compare
  2. 32 Sri Lanka 852.51 million compare
  3. 33 Trinidad and Tobago 804.60 million compare
  4. 35 Ghana 625.87 million compare
  5. 36 Mexico 623.24 million compare
  6. 37 Brunei 375.79 million compare

See the full ranking of 48 places β†’

More energy & mining data for Colombia

All data for Colombia β†’

Frequently asked questions

What is consumption subsidies for fossil fuels in Colombia?
Consumption subsidies for fossil fuels in Colombia was 749.47 million in 2023, according to Our World in Data.
What is the highest consumption subsidies for fossil fuels recorded in Colombia?
The highest recorded value was 8.92 billion in 2022.
What is the lowest consumption subsidies for fossil fuels recorded in Colombia?
The lowest recorded value was 982,471 in 2014.
How does Colombia rank for consumption subsidies for fossil fuels?
Colombia ranks 34th out of 48 countries with data for 2023.
Is consumption subsidies for fossil fuels rising or falling in Colombia?
Over the last ten years it is up 49,263.3%. The long-run trend across the full record is volatile.
Where does this Colombia data come from?
The figures come from Our World in Data, published as part of Consumption subsidies for fossil fuels. Statizoid updates them automatically from the source API.

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Consumption subsidies for fossil fuels in Colombia. Statizoid, drawing on Our World in Data. Retrieved 17 August 2026, from https://energy.statizoid.com/stat/consumption-subsidies-for-fossil-fuels/colombia/

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About this data

Indicator
Consumption subsidies for fossil fuels
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
48 places, 672 data points, 2010–2023
Last refreshed