Fossil-fuel subsidies (consumption and production) as a proportion of in Latin America and the Caribbean
Latin America and the Caribbean: Fossil-fuel subsidies (consumption and production) as a proportion of was 1.0% in 2024. ▼ Falling
Fossil-fuel subsidies (consumption and production) as a proportion of in Latin America and the Caribbean, 2010–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, fossil-fuel subsidies (consumption and production) as a proportion of in Latin America and the Caribbean stood at 1.0%.
That represents a change of down 6.6% on the previous year and down 23.5% over ten years.
Over the whole period, fossil-fuel subsidies (consumption and production) as a proportion of in Latin America and the Caribbean peaked at 1.9% in 2022 and was at its lowest, 0.6%, in 2020.
Latin America and the Caribbean ranks 19th of 37 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Fossil-fuel subsidies (consumption and production) as a proportion of in Latin America and the Caribbean, year by year
| Year | Value | Change |
|---|---|---|
| 2010 | 1.1% | — |
| 2011 | 1.5% | +34.8% |
| 2012 | 1.6% | +6.7% |
| 2013 | 1.5% | -8.0% |
| 2014 | 1.3% | -14.4% |
| 2015 | 1.0% | -19.3% |
| 2016 | 1.2% | +13.7% |
| 2017 | 0.8% | -27.4% |
| 2018 | 1.0% | +16.4% |
| 2019 | 1.0% | -0.9% |
| 2020 | 0.6% | -34.5% |
| 2021 | 1.4% | +110.9% |
| 2022 | 1.9% | +38.2% |
| 2023 | 1.0% | -44.2% |
| 2024 | 1.0% | -6.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.2% | 0.8% | 1.6% | 10 |
| 2020s | 1.2% | 0.6% | 1.9% | 5 |
Countries ranked near Latin America and the Caribbean
- 16 Ukraine 4.4% compare
- 17 United Arab Emirates 3.4% compare
- 18 Colombia 3.3% compare
- 19 Trinidad and Tobago 3.0% compare
- 20 Netherlands (Kingdom of the) 3.0% compare
- 21 Qatar 2.9% compare
- 22 Bahrain 2.7% compare
More energy & mining data for Latin America and the Caribbean
- Energy intensity level of primary energy 2.86 (2023)
- Renewable energy share in the total final energy consumption 33.2% (2023)
- Proportion of population with primary reliance on clean fuels and 90.0% (2024)
- International financial flows to developing countries in support of 5,903 (2024)
- Installed renewable electricity-generating capacity 551.88 (2024)
- Proportion of population with access to electricity, by urban/rural 98.0% (2024)
- Fossil-fuel subsidies (consumption and production) 53.01 (2024)
- Fossil-fuel subsidies (consumption and production) per capita 79.91 (2024)
Frequently asked questions
- What is fossil-fuel subsidies (consumption and production) as a proportion of in Latin America and the Caribbean?
- Fossil-fuel subsidies (consumption and production) as a proportion of in Latin America and the Caribbean was 1.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest fossil-fuel subsidies (consumption and production) as a proportion of recorded in Latin America and the Caribbean?
- The highest recorded value was 1.9% in 2022.
- What is the lowest fossil-fuel subsidies (consumption and production) as a proportion of recorded in Latin America and the Caribbean?
- The lowest recorded value was 0.6% in 2020.
- How does Latin America and the Caribbean rank for fossil-fuel subsidies (consumption and production) as a proportion of?
- Latin America and the Caribbean ranks 19th out of 37 groups with data for 2024.
- Is fossil-fuel subsidies (consumption and production) as a proportion of rising or falling in Latin America and the Caribbean?
- Over the last ten years it is down 23.5%. The long-run trend across the full record is falling.
- Where does this Latin America and the Caribbean data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Fossil-fuel subsidies (consumption and production) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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