Fossil-fuel subsidies in Australia
Australia: Fossil-fuel subsidies was 8.17 billion billions of current united states dollars in 2024. ▲ Rising
Latest (2024)
8.17 billion billions of current united states dollars
Change on year
up 1.7%
World rank
24th
of 189 countries
All-time high
8.57 billion billions of current united states dollars
in 2011
All-time low
5.79 billion billions of current united states dollars
in 2015
Years of data
15
2010–2024
Fossil-fuel subsidies in Australia, 2010–2024
Source: United Nations Environment Programme – with minor processing by Our World in Data. Measured in billions of current united states dollars.
Analysis
Australia recorded 8.17 billion billions of current united states dollars for fossil-fuel subsidies in 2024.
Compared with earlier readings it is up 1.7% on the previous year and up 18.9% over ten years.
Over the whole period, fossil-fuel subsidies in Australia peaked at 8.57 billion billions of current united states dollars in 2011 and was at its lowest, 5.79 billion billions of current united states dollars, in 2015.
Australia ranks 24th of 189 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Fossil-fuel subsidies in Australia, year by year
| Year | billions of current united states dollars | Change |
|---|---|---|
| 2010 | 6.81 billion billions of current united states dollars | — |
| 2011 | 8.57 billion billions of current united states dollars | +25.8% |
| 2012 | 7.39 billion billions of current united states dollars | -13.8% |
| 2013 | 7.20 billion billions of current united states dollars | -2.6% |
| 2014 | 6.87 billion billions of current united states dollars | -4.6% |
| 2015 | 5.79 billion billions of current united states dollars | -15.7% |
| 2016 | 5.96 billion billions of current united states dollars | +2.9% |
| 2017 | 6.55 billion billions of current united states dollars | +9.9% |
| 2018 | 6.62 billion billions of current united states dollars | +1.1% |
| 2019 | 6.12 billion billions of current united states dollars | -7.6% |
| 2020 | 6.10 billion billions of current united states dollars | -0.3% |
| 2021 | 7.85 billion billions of current united states dollars | +28.7% |
| 2022 | 7.46 billion billions of current united states dollars | -5.0% |
| 2023 | 8.03 billion billions of current united states dollars | +7.6% |
| 2024 | 8.17 billion billions of current united states dollars | +1.7% |
Australia compared with similar countries
- Australia's 8.17 billion billions of current united states dollars is above the median for high income countries, which is 955.00 million billions of current united states dollars, 8.6× the median. (64 countries reporting)
- Australia's 8.17 billion billions of current united states dollars is above the median for East Asia & Pacific, which is 10.00 million billions of current united states dollars, 817.0× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.79 billion billions of current united states dollars | 5.79 billion billions of current united states dollars | 8.57 billion billions of current united states dollars | 10 |
| 2020s | 7.52 billion billions of current united states dollars | 6.10 billion billions of current united states dollars | 8.17 billion billions of current united states dollars | 5 |
Countries ranked near Australia
- 21 Spain 10.60 billion billions of current united states dollars compare
- 22 France 8.92 billion billions of current united states dollars compare
- 23 Malaysia 8.28 billion billions of current united states dollars compare
- 25 Kuwait 7.98 billion billions of current united states dollars compare
- 26 Turkmenistan 7.75 billion billions of current united states dollars compare
- 27 South Africa 7.70 billion billions of current united states dollars compare
More energy & mining data for Australia
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate -0.4235 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0.0001 terawatt-hours per person (2025)
- Coal production, per capita 0.0001 terawatt-hours per person (2025)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2025)
- Fuel imports 11.7% (2025)
Frequently asked questions
- What is fossil-fuel subsidies in Australia?
- Fossil-fuel subsidies in Australia was 8.17 billion billions of current united states dollars in 2024, according to United Nations Environment Programme – with minor processing by Our World in Data.
- What is the highest fossil-fuel subsidies recorded in Australia?
- The highest recorded value was 8.57 billion billions of current united states dollars in 2011.
- What is the lowest fossil-fuel subsidies recorded in Australia?
- The lowest recorded value was 5.79 billion billions of current united states dollars in 2015.
- How does Australia rank for fossil-fuel subsidies?
- Australia ranks 24th out of 189 countries with data for 2024.
- Is fossil-fuel subsidies rising or falling in Australia?
- Over the last ten years it is up 18.9%. The long-run trend across the full record is rising.
- Where does this Australia data come from?
- The figures come from United Nations Environment Programme – with minor processing by Our World in Data, published as part of Fossil-fuel subsidies. Statizoid updates them automatically from the source API.
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About this data
Fossil-fuel subsidies (consumption and production) (billions of nominal United States dollars).