Consumption subsidies for fossil fuels in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Consumption subsidies for fossil fuels was 13.50 billion in 2023. ▼ Falling
Consumption subsidies for fossil fuels in Venezuela, Bolivarian Republic of, 2010–2023
Source: Our World in Data.
Analysis
The most recent figure for consumption subsidies for fossil fuels in Venezuela, Bolivarian Republic of is 13.50 billion, measured in 2023.
That represents a change of down 22.4% on the previous year and down 48.6% over ten years.
Over the whole period, consumption subsidies for fossil fuels in Venezuela, Bolivarian Republic of peaked at 26.27 billion in 2013 and was at its lowest, 4.08 billion, in 2020.
Venezuela, Bolivarian Republic of ranks 12th of 48 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 14 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 14.42 billion | 6.35 billion | 26.27 billion | 10 |
| 2020s | 11.17 billion | 4.08 billion | 17.39 billion | 4 |
Countries ranked near Venezuela, Bolivarian Republic of
- 9 Kazakhstan 15.24 billion compare
- 10 Iraq 14.37 billion compare
- 11 United Arab Emirates 14.06 billion compare
- 13 Uzbekistan 11.11 billion compare
- 14 Pakistan 9.17 billion compare
- 15 Argentina 9.07 billion compare
More energy & mining data for Venezuela, Bolivarian Republic of
- Fuel imports 0.8% (2013)
- Ores and metals imports 1.2% (2013)
- Ores and metals exports 0.4% (2013)
- Gas production 310.44 terawatt-hours (2025)
- Fossil fuel production per person, by fuel 10,886 kilowatt-hours per person (2025)
- Fossil fuel production by fuel 310.44 terawatt-hours (2025)
- Gas production per person 10,886 kilowatt-hours per person (2025)
- Fossil fuel production by fuel, per capita 0 terawatt-hours per person (2025)
- Fossil fuel production by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Gas production, per capita 0 terawatt-hours per person (2025)
Frequently asked questions
- What is consumption subsidies for fossil fuels in Venezuela, Bolivarian Republic of?
- Consumption subsidies for fossil fuels in Venezuela, Bolivarian Republic of was 13.50 billion in 2023, according to Our World in Data.
- What is the highest consumption subsidies for fossil fuels recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 26.27 billion in 2013.
- What is the lowest consumption subsidies for fossil fuels recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 4.08 billion in 2020.
- How does Venezuela, Bolivarian Republic of rank for consumption subsidies for fossil fuels?
- Venezuela, Bolivarian Republic of ranks 12th out of 48 countries with data for 2023.
- Is consumption subsidies for fossil fuels rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 48.6%. The long-run trend across the full record is falling.
- Where does this Venezuela, Bolivarian Republic of 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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CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (Our World in Data).