Fossil-fuel subsidies (consumption and production) in Republic of Korea
Republic of Korea: Fossil-fuel subsidies (consumption and production) was 1.23 in 2024. ◆ Volatile
Fossil-fuel subsidies (consumption and production) in Republic of Korea, 2010–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for fossil-fuel subsidies (consumption and production) in Republic of Korea is 1.23, measured in 2024. That is the lowest value across all 15 years on record.
Compared with earlier readings it is down 59.0% on the previous year and down 37.3% over ten years.
Over the whole period, fossil-fuel subsidies (consumption and production) in Republic of Korea peaked at 7.39 in 2022 and was at its lowest, 1.23, in 2024.
Republic of Korea ranks 59th of 201 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.
Fossil-fuel subsidies (consumption and production) in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2010 | 1.92 | — |
| 2011 | 1.88 | -2.3% |
| 2012 | 1.8 | -4.3% |
| 2013 | 1.98 | +10.2% |
| 2014 | 1.96 | -1.2% |
| 2015 | 1.71 | -12.8% |
| 2016 | 1.38 | -19.1% |
| 2017 | 1.46 | +5.7% |
| 2018 | 1.47 | +0.6% |
| 2019 | 1.4 | -4.4% |
| 2020 | 1.38 | -1.8% |
| 2021 | 2.6 | +89.2% |
| 2022 | 7.39 | +183.6% |
| 2023 | 2.99 | -59.5% |
| 2024 | 1.23 | -59.0% |
Biggest year-on-year movements
Years where Fossil-fuel subsidies (consumption and production) in Republic of Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +183.6% | 2.6 | 7.39 |
| 2021 | +89.2% | 1.38 | 2.6 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.69 | 1.38 | 1.98 | 10 |
| 2020s | 3.12 | 1.23 | 7.39 | 5 |
Countries ranked near Republic of Korea
More energy & mining data for Republic of Korea
- Energy intensity level of primary energy 4.12 (2023)
- Renewable energy share in the total final energy consumption 4.4% (2023)
- Proportion of population with primary reliance on clean fuels and 100.0% (2024)
- Installed renewable electricity-generating capacity 653.5 (2024)
- Proportion of population with access to electricity, by urban/rural 100.0% (2024)
- Fossil-fuel subsidies (consumption and production) as a proportion of 0.1% (2024)
- Fossil-fuel subsidies (consumption and production) per capita 23.73 (2024)
Frequently asked questions
- What is fossil-fuel subsidies (consumption and production) in Republic of Korea?
- Fossil-fuel subsidies (consumption and production) in Republic of Korea was 1.23 in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest fossil-fuel subsidies (consumption and production) recorded in Republic of Korea?
- The highest recorded value was 7.39 in 2022.
- What is the lowest fossil-fuel subsidies (consumption and production) recorded in Republic of Korea?
- The lowest recorded value was 1.23 in 2024.
- How does Republic of Korea rank for fossil-fuel subsidies (consumption and production)?
- Republic of Korea ranks 59th out of 201 countries with data for 2024.
- Is fossil-fuel subsidies (consumption and production) rising or falling in Republic of Korea?
- Over the last ten years it is down 37.3%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea 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
CSV · JSON — 15 observations, free to reuse under UN SDG Global Database (open, attribution requested).