Explicit consumption subsidies for fossil fuels in Trinidad and Tobago
Trinidad and Tobago: Explicit consumption subsidies for fossil fuels was 804.60 million constant 2023 US$ in 2023. ◆ Volatile
Explicit consumption subsidies for fossil fuels in Trinidad and Tobago, 2010–2023
Source: International Energy Agency (2024) – with minor processing by Our World in Data. Measured in constant 2023 US$.
Analysis
The most recent figure for explicit consumption subsidies for fossil fuels in Trinidad and Tobago is 804.60 million constant 2023 US$, measured in 2023.
That represents a change of down 33.4% on the previous year and down 36.1% over ten years.
Over the whole period, explicit consumption subsidies for fossil fuels in Trinidad and Tobago peaked at 1.26 billion constant 2023 US$ in 2013 and was at its lowest, 0 constant 2023 US$, in 2010.
Trinidad and Tobago ranks 33rd of 48 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Explicit consumption subsidies for fossil fuels in Trinidad and Tobago, year by year
| Year | constant 2023 US$ | Change |
|---|---|---|
| 2010 | 0 constant 2023 US$ | — |
| 2011 | 0 constant 2023 US$ | — |
| 2012 | 685.50 million constant 2023 US$ | — |
| 2013 | 1.26 billion constant 2023 US$ | +83.7% |
| 2014 | 1.16 billion constant 2023 US$ | -8.2% |
| 2015 | 1.04 billion constant 2023 US$ | -9.9% |
| 2016 | 744.86 million constant 2023 US$ | -28.4% |
| 2017 | 781.81 million constant 2023 US$ | +5.0% |
| 2018 | 863.11 million constant 2023 US$ | +10.4% |
| 2019 | 700.03 million constant 2023 US$ | -18.9% |
| 2020 | 412.92 million constant 2023 US$ | -41.0% |
| 2021 | 985.79 million constant 2023 US$ | +138.7% |
| 2022 | 1.21 billion constant 2023 US$ | +22.5% |
| 2023 | 804.60 million constant 2023 US$ | -33.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 723.09 million constant 2023 US$ | 0 constant 2023 US$ | 1.26 billion constant 2023 US$ | 10 |
| 2020s | 852.82 million constant 2023 US$ | 412.92 million constant 2023 US$ | 1.21 billion constant 2023 US$ | 4 |
Countries ranked near Trinidad and Tobago
- 30 Thailand 1.44 billion constant 2023 US$ compare
- 31 Bolivia, Plurinational State of 1.38 billion constant 2023 US$ compare
- 32 Sri Lanka 852.51 million constant 2023 US$ compare
- 34 Colombia 749.47 million constant 2023 US$ compare
- 35 Ghana 625.87 million constant 2023 US$ compare
- 36 Mexico 623.24 million constant 2023 US$ compare
More energy & mining data for Trinidad and Tobago
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate -6.92 % 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 0.0001 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 0.0001 terawatt-hours per person (2025)
- Fuel imports 15.3% (2024)
Frequently asked questions
- What is explicit consumption subsidies for fossil fuels in Trinidad and Tobago?
- Explicit consumption subsidies for fossil fuels in Trinidad and Tobago was 804.60 million 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 Trinidad and Tobago?
- The highest recorded value was 1.26 billion constant 2023 US$ in 2013.
- What is the lowest explicit consumption subsidies for fossil fuels recorded in Trinidad and Tobago?
- The lowest recorded value was 0 constant 2023 US$ in 2010.
- How does Trinidad and Tobago rank for explicit consumption subsidies for fossil fuels?
- Trinidad and Tobago ranks 33rd out of 48 countries with data for 2023.
- Is explicit consumption subsidies for fossil fuels rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 36.1%. The long-run trend across the full record is volatile.
- Where does this Trinidad and Tobago 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.
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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.