Explicit fossil fuel subsidies as a share of GDP in Ecuador
Ecuador: Explicit fossil fuel subsidies as a share of GDP was 1.6% in 2021. ◆ Volatile
Explicit fossil fuel subsidies as a share of GDP in Ecuador, 2010–2021
Source: Data from multiple sources compiled by the UN (2023) – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for explicit fossil fuel subsidies as a share of gdp in Ecuador is 1.6%, measured in 2021.
The figure is up 103.9% on the previous year and down 73.3% over ten years.
Over the whole period, explicit fossil fuel subsidies as a share of gdp in Ecuador peaked at 6.4% in 2012 and was at its lowest, 0.8%, in 2020.
That places Ecuador 36th out of 187 countries with data for 2021, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.1% | 1.6% | 6.4% | 10 |
| 2020s | 1.2% | 0.8% | 1.6% | 2 |
Countries ranked near Ecuador
More energy & mining data for Ecuador
- Fuel imports 25.0% (2024)
- Ores and metals imports 1.1% (2024)
- Ores and metals exports 6.9% (2024)
- Gas production 2.91 terawatt-hours (2024)
- Fossil fuel production per person, by fuel 160.42 kilowatt-hours per person (2024)
- Fossil fuel production by fuel 2.91 terawatt-hours (2024)
- Gas production per person 160.42 kilowatt-hours per person (2024)
- Fuel exports 27.5% (2024)
- Electric power transmission and distribution losses 17.0% (2023)
- Share of dietary energy supply from carbohydrates vs. GDP per capita 53.5% (2023)
Frequently asked questions
- What is explicit fossil fuel subsidies as a share of gdp in Ecuador?
- Explicit fossil fuel subsidies as a share of gdp in Ecuador was 1.6% in 2021, according to Data from multiple sources compiled by the UN (2023) – processed by Our World in Data.
- What is the highest explicit fossil fuel subsidies as a share of gdp recorded in Ecuador?
- The highest recorded value was 6.4% in 2012.
- What is the lowest explicit fossil fuel subsidies as a share of gdp recorded in Ecuador?
- The lowest recorded value was 0.8% in 2020.
- How does Ecuador rank for explicit fossil fuel subsidies as a share of gdp?
- Ecuador ranks 36th out of 187 countries with data for 2021.
- Is explicit fossil fuel subsidies as a share of gdp rising or falling in Ecuador?
- Over the last ten years it is down 73.3%. The long-run trend across the full record is volatile.
- Where does this Ecuador data come from?
- The figures come from Data from multiple sources compiled by the UN (2023) – processed by Our World in Data, published as part of Explicit fossil fuel subsidies as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Subsidies are pre-tax and for both the production and consumption of fossil fuels. Production subsidies reduce the cost of producing coal, oil or gas. Consumption subsidies cut fuel prices for the end user, such as by fixing the price at the petrol pump so that it is less than the market rate.