Explicit consumption subsidies for fossil fuels in Malaysia
Malaysia: Explicit consumption subsidies for fossil fuels was 6.37 billion constant 2023 US$ in 2023. ◆ Volatile
Explicit consumption subsidies for fossil fuels in Malaysia, 2010–2023
Source: International Energy Agency (2024) – with minor processing by Our World in Data. Measured in constant 2023 US$.
Analysis
The most recent figure for explicit consumption subsidies for fossil fuels in Malaysia is 6.37 billion constant 2023 US$, measured in 2023.
The figure is down 56.6% on the previous year and up 79.4% over ten years.
Over the whole period, explicit consumption subsidies for fossil fuels in Malaysia peaked at 14.68 billion constant 2023 US$ in 2022 and was at its lowest, 131.74 million constant 2023 US$, in 2020.
Malaysia ranks 19th of 48 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Explicit consumption subsidies for fossil fuels in Malaysia, year by year
| Year | constant 2023 US$ | Change |
|---|---|---|
| 2010 | 1.93 billion constant 2023 US$ | — |
| 2011 | 3.13 billion constant 2023 US$ | +61.9% |
| 2012 | 13.23 billion constant 2023 US$ | +323.3% |
| 2013 | 3.55 billion constant 2023 US$ | -73.2% |
| 2014 | 2.62 billion constant 2023 US$ | -26.2% |
| 2015 | 337.98 million constant 2023 US$ | -87.1% |
| 2016 | 1.52 billion constant 2023 US$ | +349.5% |
| 2017 | 2.05 billion constant 2023 US$ | +34.9% |
| 2018 | 1.80 billion constant 2023 US$ | -12.1% |
| 2019 | 1.72 billion constant 2023 US$ | -4.7% |
| 2020 | 131.74 million constant 2023 US$ | -92.3% |
| 2021 | 2.32 billion constant 2023 US$ | +1660.6% |
| 2022 | 14.68 billion constant 2023 US$ | +532.7% |
| 2023 | 6.37 billion constant 2023 US$ | -56.6% |
Malaysia compared with similar countries
- Malaysia's 6.37 billion constant 2023 US$ is above the median for upper middle income countries, which is 5.24 billion constant 2023 US$, 1.2× the median. (21 countries reporting)
- Malaysia's 6.37 billion constant 2023 US$ is above the median for East Asia & Pacific, which is 4.98 billion constant 2023 US$, 1.3× the median. (6 countries reporting)
Biggest year-on-year movements
Years where Explicit consumption subsidies for fossil fuels in Malaysia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +1660.6% | 131.74 million constant 2023 US$ | 2.32 billion constant 2023 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.19 billion constant 2023 US$ | 337.98 million constant 2023 US$ | 13.23 billion constant 2023 US$ | 10 |
| 2020s | 5.87 billion constant 2023 US$ | 131.74 million constant 2023 US$ | 14.68 billion constant 2023 US$ | 4 |
Countries ranked near Malaysia
- 16 Kuwait 8.95 billion constant 2023 US$ compare
- 17 Libya 8.05 billion constant 2023 US$ compare
- 18 Bangladesh 8.00 billion constant 2023 US$ compare
- 20 Turkmenistan 6.23 billion constant 2023 US$ compare
- 21 Nigeria 5.91 billion constant 2023 US$ compare
- 22 Ukraine 5.24 billion constant 2023 US$ compare
More energy & mining data for Malaysia
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate 1.62 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2025)
- Fuel imports 12.0% (2025)
Frequently asked questions
- What is explicit consumption subsidies for fossil fuels in Malaysia?
- Explicit consumption subsidies for fossil fuels in Malaysia was 6.37 billion constant 2023 US$ in 2023, according to International Energy Agency (2024) – with minor processing by Our World in Data.
- What is the highest explicit consumption subsidies for fossil fuels recorded in Malaysia?
- The highest recorded value was 14.68 billion constant 2023 US$ in 2022.
- What is the lowest explicit consumption subsidies for fossil fuels recorded in Malaysia?
- The lowest recorded value was 131.74 million constant 2023 US$ in 2020.
- How does Malaysia rank for explicit consumption subsidies for fossil fuels?
- Malaysia ranks 19th out of 48 countries with data for 2023.
- Is explicit consumption subsidies for fossil fuels rising or falling in Malaysia?
- Over the last ten years it is up 79.4%. The long-run trend across the full record is volatile.
- Where does this Malaysia data come from?
- The figures come from International Energy Agency (2024) – with minor processing by Our World in Data, published as part of Explicit consumption subsidies for fossil fuels. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in living costs between countries.