Fossil-fuel subsidies (consumption and production) in Latin America and the Caribbean
Latin America and the Caribbean: Fossil-fuel subsidies (consumption and production) was 53.01 in 2024. ▼ Falling
Fossil-fuel subsidies (consumption and production) in Latin America and the Caribbean, 2010–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for fossil-fuel subsidies (consumption and production) in Latin America and the Caribbean is 53.01, measured in 2024.
Compared with earlier readings it is down 4.5% on the previous year and down 17.8% over ten years.
Over the whole period, fossil-fuel subsidies (consumption and production) in Latin America and the Caribbean peaked at 97.27 in 2022 and was at its lowest, 29.97, in 2020.
Latin America and the Caribbean ranks 16th 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) in Latin America and the Caribbean, year by year
| Year | Value | Change |
|---|---|---|
| 2010 | 51.03 | — |
| 2011 | 71.78 | +40.7% |
| 2012 | 78.87 | +9.9% |
| 2013 | 74.5 | -5.5% |
| 2014 | 64.46 | -13.5% |
| 2015 | 52.09 | -19.2% |
| 2016 | 58.45 | +12.2% |
| 2017 | 42.8 | -26.8% |
| 2018 | 50.12 | +17.1% |
| 2019 | 49.47 | -1.3% |
| 2020 | 29.97 | -39.4% |
| 2021 | 67.61 | +125.6% |
| 2022 | 97.27 | +43.9% |
| 2023 | 55.5 | -42.9% |
| 2024 | 53.01 | -4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 59.36 | 42.8 | 78.87 | 10 |
| 2020s | 60.67 | 29.97 | 97.27 | 5 |
Countries ranked near Latin America and the Caribbean
- 13 United Arab Emirates 14.72 compare
- 14 Mexico 12.65 compare
- 15 United Kingdom of Great Britain and Northern Ireland 12.63 compare
- 15 United Kingdom 12.63 compare
- 17 Germany 11.87 compare
- 18 Brazil 11.67 compare
- 19 Kazakhstan 11.45 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) as a proportion of 1.0% (2024)
- Fossil-fuel subsidies (consumption and production) per capita 79.91 (2024)
Frequently asked questions
- What is fossil-fuel subsidies (consumption and production) in Latin America and the Caribbean?
- Fossil-fuel subsidies (consumption and production) in Latin America and the Caribbean was 53.01 in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest fossil-fuel subsidies (consumption and production) recorded in Latin America and the Caribbean?
- The highest recorded value was 97.27 in 2022.
- What is the lowest fossil-fuel subsidies (consumption and production) recorded in Latin America and the Caribbean?
- The lowest recorded value was 29.97 in 2020.
- How does Latin America and the Caribbean rank for fossil-fuel subsidies (consumption and production)?
- Latin America and the Caribbean ranks 16th out of 37 groups with data for 2024.
- Is fossil-fuel subsidies (consumption and production) rising or falling in Latin America and the Caribbean?
- Over the last ten years it is down 17.8%. 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) (billions of nominal United States dollars). Statizoid updates them automatically from the source API.
Download this data
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