Fossil-fuel subsidies in Libya
Libya: Fossil-fuel subsidies was 7.27 billion billions of current united states dollars in 2024. ▲ Rising
Latest (2024)
7.27 billion billions of current united states dollars
Change on year
down 4.6%
World rank
30th
of 189 countries
All-time high
10.29 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
15
2010–2024
Fossil-fuel subsidies in Libya, 2010–2024
Source: United Nations Environment Programme – with minor processing by Our World in Data. Measured in billions of current united states dollars.
Analysis
Libya recorded 7.27 billion billions of current united states dollars for fossil-fuel subsidies in 2024.
That represents a change of down 4.6% on the previous year and down 0.4% over ten years.
Over the whole period, fossil-fuel subsidies in Libya peaked at 10.29 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 30th out of 189 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Fossil-fuel subsidies in Libya, year by year
| Year | billions of current united states dollars | Change |
|---|---|---|
| 2010 | 5.55 billion billions of current united states dollars | — |
| 2011 | 5.66 billion billions of current united states dollars | +2.0% |
| 2012 | 7.37 billion billions of current united states dollars | +30.2% |
| 2013 | 7.70 billion billions of current united states dollars | +4.5% |
| 2014 | 7.30 billion billions of current united states dollars | -5.2% |
| 2015 | 3.67 billion billions of current united states dollars | -49.7% |
| 2016 | 3.19 billion billions of current united states dollars | -13.1% |
| 2017 | 3.78 billion billions of current united states dollars | +18.5% |
| 2018 | 4.83 billion billions of current united states dollars | +27.8% |
| 2019 | 4.40 billion billions of current united states dollars | -8.9% |
| 2020 | 3.32 billion billions of current united states dollars | -24.5% |
| 2021 | 5.35 billion billions of current united states dollars | +61.1% |
| 2022 | 10.29 billion billions of current united states dollars | +92.3% |
| 2023 | 7.62 billion billions of current united states dollars | -25.9% |
| 2024 | 7.27 billion billions of current united states dollars | -4.6% |
Libya compared with similar countries
- Libya's 7.27 billion billions of current united states dollars is above the median for upper middle income countries, which is 35.00 million billions of current united states dollars, 207.7× the median. (56 countries reporting)
- Libya's 7.27 billion billions of current united states dollars is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.25 billion billions of current united states dollars, 5.8× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | 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 | 6.77 billion billions of current united states dollars | 3.32 billion billions of current united states dollars | 10.29 billion billions of current united states dollars | 5 |
Countries ranked near Libya
- 27 South Africa 7.70 billion billions of current united states dollars compare
- 28 Venezuela 7.52 billion billions of current united states dollars compare
- 29 Pakistan 7.28 billion billions of current united states dollars compare
- 31 Argentina 5.76 billion billions of current united states dollars compare
- 32 Ukraine 5.50 billion billions of current united states dollars compare
- 33 Bangladesh 5.18 billion billions of current united states dollars compare
More energy & mining data for Libya
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, annual growth rate 10.28 % change on previous year (2024)
- Coal consumption, per capita 0 terawatt-hours per person (2024)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per capita 0 terawatt-hours per person (2024)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- Fuel imports 13.1% (2019)
Frequently asked questions
- What is fossil-fuel subsidies in Libya?
- Fossil-fuel subsidies in Libya was 7.27 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 Libya?
- The highest recorded value was 10.29 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 30th out of 189 countries with data for 2024.
- Is fossil-fuel subsidies rising or falling in Libya?
- Over the last ten years it is down 0.4%. 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 – 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).