Fossil-fuel subsidies in Kuwait

Kuwait: Fossil-fuel subsidies was 8.95 billion billions of current united states dollars in 2023. ◆ Volatile

Latest (2023)
8.95 billion billions of current united states dollars
Change on year
down 56.8%
World rank
25th
of 149 countries
All-time high
20.70 billion billions of current united states dollars
in 2022
All-time low
2.70 billion billions of current united states dollars
in 2020
Years of data
14
2010–2023

Fossil-fuel subsidies in Kuwait, 2010–2023

5.0B10.0B15.0B20.0B2010201620232010: 7.1B billions of current united states dollars2011: 8.7B billions of current united states dollars2012: 9.0B billions of current united states dollars2013: 9.5B billions of current united states dollars2014: 8.9B billions of current united states dollars2015: 6.0B billions of current united states dollars2016: 5.0B billions of current united states dollars2017: 5.4B billions of current united states dollars2018: 6.6B billions of current united states dollars2019: 4.9B billions of current united states dollars2020: 2.7B billions of current united states dollars2021: 8.6B billions of current united states dollars2022: 20.7B billions of current united states dollars2023: 8.9B 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

The most recent figure for fossil-fuel subsidies in Kuwait is 8.95 billion billions of current united states dollars, measured in 2023.

Compared with earlier readings it is down 56.8% on the previous year and down 6.2% over ten years.

Over the whole period, fossil-fuel subsidies in Kuwait peaked at 20.70 billion billions of current united states dollars in 2022 and was at its lowest, 2.70 billion billions of current united states dollars, in 2020.

That places Kuwait 25th out of 149 countries with data for 2023, putting it 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 7.12 billion billions of current united states dollars 4.90 billion billions of current united states dollars 9.54 billion billions of current united states dollars 10
2020s 10.23 billion billions of current united states dollars 2.70 billion billions of current united states dollars 20.70 billion billions of current united states dollars 4

Countries ranked near Kuwait

  1. 22 Spain 10.85 billion billions of current united states dollars compare
  2. 23 Australia 10.58 billion billions of current united states dollars compare
  3. 24 Pakistan 9.17 billion billions of current united states dollars compare
  4. 26 Austria 8.36 billion billions of current united states dollars compare
  5. 27 Libya 8.05 billion billions of current united states dollars compare
  6. 28 Bangladesh 8.00 billion billions of current united states dollars compare

See the full ranking of 149 places →

More energy & mining data for Kuwait

All data for Kuwait →

Frequently asked questions

What is fossil-fuel subsidies in Kuwait?
Fossil-fuel subsidies in Kuwait was 8.95 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 Kuwait?
The highest recorded value was 20.70 billion billions of current united states dollars in 2022.
What is the lowest fossil-fuel subsidies recorded in Kuwait?
The lowest recorded value was 2.70 billion billions of current united states dollars in 2020.
How does Kuwait rank for fossil-fuel subsidies?
Kuwait ranks 25th out of 149 countries with data for 2023.
Is fossil-fuel subsidies rising or falling in Kuwait?
Over the last ten years it is down 6.2%. The long-run trend across the full record is volatile.
Where does this Kuwait 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.

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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)