Explicit fossil fuel subsidies as a share of GDP in Korea, Rep.
Korea, Rep.: Explicit fossil fuel subsidies as a share of GDP was 0.1% in 2021. ▼ Falling
Explicit fossil fuel subsidies as a share of GDP in Korea, Rep., 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 Korea, Rep. is 0.1%, measured in 2021. That is the lowest value across all 12 years on record.
That represents a change of down 35.7% over ten years.
Over the whole period, explicit fossil fuel subsidies as a share of gdp in Korea, Rep. peaked at 0.1% in 2010 and was at its lowest, 0.1%, in 2016.
That places Korea, Rep. 118th out of 187 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently falling across the 12 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.1% | 0.1% | 0.1% | 10 |
| 2020s | 0.1% | 0.1% | 0.1% | 2 |
Countries ranked near Korea, Rep.
- 115 Burkina Faso 0.1% compare
- 115 Morocco 0.1% compare
- 115 Sierra Leone 0.1% compare
- 118 Bosnia and Herzegovina 0.1% compare
- 118 Lesotho 0.1% compare
- 118 Norway 0.1% compare
More energy & mining data for Korea, Rep.
- Fuel imports 25.7% (2024)
- Ores and metals imports 6.7% (2024)
- Ores and metals exports 2.4% (2024)
- Gas production 0 terawatt-hours (2024)
- Fossil fuel production per person, by fuel 0 kilowatt-hours per person (2024)
- Fossil fuel production by fuel 0 terawatt-hours (2024)
- Gas production per person 0 kilowatt-hours per person (2024)
- Fuel exports 7.7% (2024)
- Electric power transmission and distribution losses 3.3% (2024)
- Share of dietary energy supply from carbohydrates vs. GDP per capita 53.9% (2023)
Frequently asked questions
- What is explicit fossil fuel subsidies as a share of gdp in Korea, Rep.?
- Explicit fossil fuel subsidies as a share of gdp in Korea, Rep. 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 Korea, Rep.?
- The highest recorded value was 0.1% in 2010.
- What is the lowest explicit fossil fuel subsidies as a share of gdp recorded in Korea, Rep.?
- The lowest recorded value was 0.1% in 2016.
- How does Korea, Rep. rank for explicit fossil fuel subsidies as a share of gdp?
- Korea, Rep. ranks 118th out of 187 countries with data for 2021.
- Is explicit fossil fuel subsidies as a share of gdp rising or falling in Korea, Rep.?
- Over the last ten years it is down 35.7%. The long-run trend across the full record is falling.
- Where does this Korea, Rep. 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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CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.