Fossil-fuel subsidies in Libya

Libya: Fossil-fuel subsidies was 8.05 billion billions of current united states dollars in 2023. ▲ Rising

Latest (2023)
8.05 billion billions of current united states dollars
Change on year
down 25.2%
World rank
27th
of 149 countries
All-time high
10.76 billion billions of current united states dollars
in 2022
All-time low
3.19 billion billions of current united states dollars
in 2016
Years of data
14
2010–2023

Fossil-fuel subsidies in Libya, 2010–2023

4.0B6.0B8.0B10.0B2010201620232010: 5.5B billions of current united states dollars2011: 5.7B billions of current united states dollars2012: 7.4B billions of current united states dollars2013: 7.7B billions of current united states dollars2014: 7.3B billions of current united states dollars2015: 3.7B billions of current united states dollars2016: 3.2B billions of current united states dollars2017: 3.8B billions of current united states dollars2018: 4.8B billions of current united states dollars2019: 4.4B billions of current united states dollars2020: 3.3B billions of current united states dollars2021: 5.3B billions of current united states dollars2022: 10.8B billions of current united states dollars2023: 8.1B 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

Libya recorded 8.05 billion billions of current united states dollars for fossil-fuel subsidies in 2023.

That represents a change of down 25.2% on the previous year and up 4.5% over ten years.

Over the whole period, fossil-fuel subsidies in Libya peaked at 10.76 billion billions of current united states dollars in 2022 and was at its lowest, 3.19 billion billions of current united states dollars, in 2016.

That places Libya 27th out of 149 countries with data for 2023, putting it in the top quarter.

The long-run direction has been consistently rising across the 14 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2010s 5.34 billion billions of current united states dollars 3.19 billion billions of current united states dollars 7.70 billion billions of current united states dollars 10
2020s 6.87 billion billions of current united states dollars 3.32 billion billions of current united states dollars 10.76 billion billions of current united states dollars 4

Countries ranked near Libya

  1. 24 Pakistan 9.17 billion billions of current united states dollars compare
  2. 25 Kuwait 8.95 billion billions of current united states dollars compare
  3. 26 Austria 8.36 billion billions of current united states dollars compare
  4. 28 Bangladesh 8.00 billion billions of current united states dollars compare
  5. 29 Colombia 7.44 billion billions of current united states dollars compare
  6. 30 Malaysia 6.37 billion billions of current united states dollars compare

See the full ranking of 149 places →

More energy & mining data for Libya

All data for Libya →

Frequently asked questions

What is fossil-fuel subsidies in Libya?
Fossil-fuel subsidies in Libya was 8.05 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 Libya?
The highest recorded value was 10.76 billion billions of current united states dollars in 2022.
What is the lowest fossil-fuel subsidies recorded in Libya?
The lowest recorded value was 3.19 billion billions of current united states dollars in 2016.
How does Libya rank for fossil-fuel subsidies?
Libya ranks 27th out of 149 countries with data for 2023.
Is fossil-fuel subsidies rising or falling in Libya?
Over the last ten years it is up 4.5%. The long-run trend across the full record is rising.
Where does this Libya 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)