Explicit fossil fuel subsidies as a share of GDP in India

India: Explicit fossil fuel subsidies as a share of GDP was 0.1% in 2021. β–Ό Falling

Latest (2021)
0.1%
Change on year
down 37.5%
World rank
107th
of 187 countries
All-time high
1.1%
in 2013
All-time low
0.1%
in 2021
Years of data
12
2010–2021

Explicit fossil fuel subsidies as a share of GDP in India, 2010–2021

0.20.40.60.811.22010201520212010: 0.53 %2011: 0.84 %2012: 0.84 %2013: 1.1 %2014: 0.66 %2015: 0.59 %2016: 0.44 %2017: 0.45 %2018: 0.5 %2019: 0.36 %2020: 0.24 %2021: 0.15 %

Source: Data from multiple sources compiled by the UN (2023) – processed by Our World in Data. Measured in %.

Analysis

India recorded 0.1% for explicit fossil fuel subsidies as a share of gdp in 2021. That is the lowest value across all 12 years on record.

That represents a change of down 37.5% on the previous year and down 82.1% over ten years.

Over the whole period, explicit fossil fuel subsidies as a share of gdp in India peaked at 1.1% in 2013 and was at its lowest, 0.1%, in 2021.

India ranks 107th of 187 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 12 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2010s 0.6% 0.4% 1.1% 10
2020s 0.2% 0.1% 0.2% 2

Countries ranked near India

  1. 105 China 0.2% compare
  2. 105 Hungary 0.2% compare
  3. 107 Estonia 0.1% compare
  4. 109 Mongolia 0.1% compare
  5. 109 Spain 0.1% compare

See the full ranking of 187 places β†’

More energy & mining data for India

All data for India β†’

Frequently asked questions

What is explicit fossil fuel subsidies as a share of gdp in India?
Explicit fossil fuel subsidies as a share of gdp in India was 0.1% 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 India?
The highest recorded value was 1.1% in 2013.
What is the lowest explicit fossil fuel subsidies as a share of gdp recorded in India?
The lowest recorded value was 0.1% in 2021.
How does India rank for explicit fossil fuel subsidies as a share of gdp?
India ranks 107th out of 187 countries with data for 2021.
Is explicit fossil fuel subsidies as a share of gdp rising or falling in India?
Over the last ten years it is down 82.1%. The long-run trend across the full record is falling.
Where does this India 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

Indicator
Explicit fossil fuel subsidies as a share of GDP
Unit
%
Source
Data from multiple sources compiled by the UN (2023) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
187 places, 2,094 data points, 2010–2021
Last refreshed

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.