Fossil-fuel subsidies in Australia

Australia: Fossil-fuel subsidies was 10.58 billion billions of current united states dollars in 2023. ▬ Flat

Latest (2023)
10.58 billion billions of current united states dollars
Change on year
up 22.2%
World rank
23rd
of 149 countries
All-time high
10.58 billion billions of current united states dollars
in 2023
All-time low
6.82 billion billions of current united states dollars
in 2015
Years of data
14
2010–2023

Fossil-fuel subsidies in Australia, 2010–2023

02.5B5.0B7.5B10.0B2010201620232010: 7.8B billions of current united states dollars2011: 9.8B billions of current united states dollars2012: 9.0B billions of current united states dollars2013: 8.7B billions of current united states dollars2014: 8.2B billions of current united states dollars2015: 6.8B billions of current united states dollars2016: 7.2B billions of current united states dollars2017: 7.5B billions of current united states dollars2018: 7.4B billions of current united states dollars2019: 7.4B billions of current united states dollars2020: 7.4B billions of current united states dollars2021: 8.7B billions of current united states dollars2022: 8.7B billions of current united states dollars2023: 10.6B billions of current united states dollars

Source: United Nations Environment Programme – processed by Our World in Data. Measured in billions of current united states dollars.

Analysis

Australia recorded 10.58 billion billions of current united states dollars for fossil-fuel subsidies in 2023. That is the highest value across all 14 years on record.

Compared with earlier readings it is up 22.2% on the previous year and up 21.1% over ten years.

Over the whole period, fossil-fuel subsidies in Australia peaked at 10.58 billion billions of current united states dollars in 2023 and was at its lowest, 6.82 billion billions of current united states dollars, in 2015.

Australia ranks 23rd of 149 countries on this measure, in the top quarter.

Averages by decade

DecadeAverage LowestHighest Years
2010s 8.00 billion billions of current united states dollars 6.82 billion billions of current united states dollars 9.85 billion billions of current united states dollars 10
2020s 8.83 billion billions of current united states dollars 7.37 billion billions of current united states dollars 10.58 billion billions of current united states dollars 4

Countries ranked near Australia

  1. 20 Argentina 11.34 billion billions of current united states dollars compare
  2. 21 Uzbekistan 11.11 billion billions of current united states dollars compare
  3. 22 Spain 10.85 billion billions of current united states dollars compare
  4. 24 Pakistan 9.17 billion billions of current united states dollars compare
  5. 25 Kuwait 8.95 billion billions of current united states dollars compare
  6. 26 Austria 8.36 billion billions of current united states dollars compare

See the full ranking of 149 places →

More energy & mining data for Australia

All data for Australia →

Frequently asked questions

What is fossil-fuel subsidies in Australia?
Fossil-fuel subsidies in Australia was 10.58 billion billions of current united states dollars in 2023, according to United Nations Environment Programme – processed by Our World in Data.
What is the highest fossil-fuel subsidies recorded in Australia?
The highest recorded value was 10.58 billion billions of current united states dollars in 2023.
What is the lowest fossil-fuel subsidies recorded in Australia?
The lowest recorded value was 6.82 billion billions of current united states dollars in 2015.
How does Australia rank for fossil-fuel subsidies?
Australia ranks 23rd out of 149 countries with data for 2023.
Is fossil-fuel subsidies rising or falling in Australia?
Over the last ten years it is up 21.1%. The long-run trend across the full record is flat.
Where does this Australia data come from?
The figures come from United Nations Environment Programme – processed by Our World in Data, published as part of Fossil-fuel subsidies. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Fossil-fuel subsidies
Unit
billions of current united states dollars
Source
United Nations Environment Programme – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
149 places, 1,727 data points, 2010–2024
Last refreshed

Fossil-fuel subsidies (consumption and production) (billions of nominal United States dollars)