Consumption subsidies for fossil fuels in Malaysia

Malaysia: Consumption subsidies for fossil fuels was 6.37 billion in 2023. ◆ Volatile

Latest (2023)
6.37 billion
Change on year
down 56.6%
World rank
19th
of 48 countries
All-time high
14.68 billion
in 2022
All-time low
131.74 million
in 2020
Years of data
14
2010–2023

Consumption subsidies for fossil fuels in Malaysia, 2010–2023

05.0B10.0B15.0B2010201620232010: 1.9B2011: 3.1B2012: 13.2B2013: 3.5B2014: 2.6B2015: 338.0M2016: 1.5B2017: 2.0B2018: 1.8B2019: 1.7B2020: 131.7M2021: 2.3B2022: 14.7B2023: 6.4B

Source: Our World in Data.

Analysis

The most recent figure for consumption subsidies for fossil fuels in Malaysia is 6.37 billion, measured in 2023.

The figure is down 56.6% on the previous year and up 79.4% over ten years.

Over the whole period, consumption subsidies for fossil fuels in Malaysia peaked at 14.68 billion in 2022 and was at its lowest, 131.74 million, 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.

Averages by decade

DecadeAverage LowestHighest Years
2010s 3.19 billion 337.98 million 13.23 billion 10
2020s 5.87 billion 131.74 million 14.68 billion 4

Countries ranked near Malaysia

  1. 16 Kuwait 8.95 billion compare
  2. 17 Libya 8.05 billion compare
  3. 18 Bangladesh 8.00 billion compare
  4. 20 Turkmenistan 6.23 billion compare
  5. 21 Nigeria 5.91 billion compare
  6. 22 Ukraine 5.24 billion compare

See the full ranking of 48 places →

More energy & mining data for Malaysia

All data for Malaysia →

Frequently asked questions

What is consumption subsidies for fossil fuels in Malaysia?
Consumption subsidies for fossil fuels in Malaysia was 6.37 billion in 2023, according to Our World in Data.
What is the highest consumption subsidies for fossil fuels recorded in Malaysia?
The highest recorded value was 14.68 billion in 2022.
What is the lowest consumption subsidies for fossil fuels recorded in Malaysia?
The lowest recorded value was 131.74 million in 2020.
How does Malaysia rank for consumption subsidies for fossil fuels?
Malaysia ranks 19th out of 48 countries with data for 2023.
Is 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 Our World in Data, published as part of 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

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