Fossil-fuel subsidies in Hungary

Hungary: Fossil-fuel subsidies was 120.00 million billions of current united states dollars in 2023. ◆ Volatile

Latest (2023)
120.00 million billions of current united states dollars
Change on year
down 97.7%
World rank
111th
of 149 countries
All-time high
5.28 billion billions of current united states dollars
in 2022
All-time low
120.00 million billions of current united states dollars
in 2023
Years of data
14
2010–2023

Fossil-fuel subsidies in Hungary, 2010–2023

02.0B4.0B6.0B2010201620232010: 240.0M billions of current united states dollars2011: 250.0M billions of current united states dollars2012: 270.0M billions of current united states dollars2013: 290.0M billions of current united states dollars2014: 290.0M billions of current united states dollars2015: 250.0M billions of current united states dollars2016: 210.0M billions of current united states dollars2017: 220.0M billions of current united states dollars2018: 210.0M billions of current united states dollars2019: 180.0M billions of current united states dollars2020: 170.0M billions of current united states dollars2021: 170.0M billions of current united states dollars2022: 5.3B billions of current united states dollars2023: 120.0M 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

Hungary recorded 120.00 million billions of current united states dollars for fossil-fuel subsidies in 2023. That is the lowest value across all 14 years on record.

Compared with earlier readings it is down 97.7% on the previous year and down 58.6% over ten years.

Over the whole period, fossil-fuel subsidies in Hungary peaked at 5.28 billion billions of current united states dollars in 2022 and was at its lowest, 120.00 million billions of current united states dollars, in 2023.

That places Hungary 111th out of 149 countries with data for 2023, putting it in the middle of the range.

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

Averages by decade

DecadeAverage LowestHighest Years
2010s 241.00 million billions of current united states dollars 180.00 million billions of current united states dollars 290.00 million billions of current united states dollars 10
2020s 1.44 billion billions of current united states dollars 120.00 million billions of current united states dollars 5.28 billion billions of current united states dollars 4

Countries ranked near Hungary

  1. 108 Botswana 140.00 million billions of current united states dollars compare
  2. 108 Maldives 140.00 million billions of current united states dollars compare
  3. 110 Gabon 130.00 million billions of current united states dollars compare
  4. 111 Equatorial Guinea 120.00 million billions of current united states dollars compare
  5. 113 Congo 110.00 million billions of current united states dollars compare
  6. 113 Laos 110.00 million billions of current united states dollars compare
  7. 113 Rwanda 110.00 million billions of current united states dollars compare

See the full ranking of 149 places →

More energy & mining data for Hungary

All data for Hungary →

Frequently asked questions

What is fossil-fuel subsidies in Hungary?
Fossil-fuel subsidies in Hungary was 120.00 million 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 Hungary?
The highest recorded value was 5.28 billion billions of current united states dollars in 2022.
What is the lowest fossil-fuel subsidies recorded in Hungary?
The lowest recorded value was 120.00 million billions of current united states dollars in 2023.
How does Hungary rank for fossil-fuel subsidies?
Hungary ranks 111th out of 149 countries with data for 2023.
Is fossil-fuel subsidies rising or falling in Hungary?
Over the last ten years it is down 58.6%. The long-run trend across the full record is volatile.
Where does this Hungary 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)