Explicit fossil fuel subsidies as a share of GDP in Mexico

Mexico: Explicit fossil fuel subsidies as a share of GDP was 1.9% in 2021. β—† Volatile

Latest (2021)
1.9%
Change on year
up 92.1%
World rank
30th
of 187 countries
All-time high
1.9%
in 2021
All-time low
0.3%
in 2014
Years of data
12
2010–2021

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

0.511.522010201520212010: 0.72 %2011: 1.6 %2012: 1.7 %2013: 0.78 %2014: 0.29 %2015: 0.42 %2016: 1.5 %2017: 0.38 %2018: 0.35 %2019: 1.6 %2020: 1 %2021: 1.9 %

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

Analysis

In 2021, explicit fossil fuel subsidies as a share of gdp in Mexico stood at 1.9%. That is the highest value across all 12 years on record.

Compared with earlier readings it is up 92.1% on the previous year and up 21.2% over ten years.

Over the whole period, explicit fossil fuel subsidies as a share of gdp in Mexico peaked at 1.9% in 2021 and was at its lowest, 0.3%, in 2014.

Mexico ranks 30th of 187 countries on this measure, in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2010s 0.9% 0.3% 1.7% 10
2020s 1.5% 1.0% 1.9% 2

Countries ranked near Mexico

  1. 27 Bangladesh 2.2% compare
  2. 27 Brunei 2.2% compare
  3. 29 Pakistan 2.2% compare
  4. 30 Russia 1.9% compare
  5. 33 Argentina 1.7% compare

See the full ranking of 187 places β†’

More energy & mining data for Mexico

All data for Mexico β†’

Frequently asked questions

What is explicit fossil fuel subsidies as a share of gdp in Mexico?
Explicit fossil fuel subsidies as a share of gdp in Mexico was 1.9% 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 Mexico?
The highest recorded value was 1.9% in 2021.
What is the lowest explicit fossil fuel subsidies as a share of gdp recorded in Mexico?
The lowest recorded value was 0.3% in 2014.
How does Mexico rank for explicit fossil fuel subsidies as a share of gdp?
Mexico ranks 30th out of 187 countries with data for 2021.
Is explicit fossil fuel subsidies as a share of gdp rising or falling in Mexico?
Over the last ten years it is up 21.2%. The long-run trend across the full record is volatile.
Where does this Mexico 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.