Fossil-fuel subsidies in Malaysia

Malaysia: Fossil-fuel subsidies was 6.37 billion billions of current united states dollars in 2023. ◆ Volatile

Latest (2023)
6.37 billion billions of current united states dollars
Change on year
down 57.2%
World rank
30th
of 149 countries
All-time high
15.75 billion billions of current united states dollars
in 2012
All-time low
120.00 million billions of current united states dollars
in 2020
Years of data
14
2010–2023

Fossil-fuel subsidies in Malaysia, 2010–2023

05.0B10.0B15.0B2010201620232010: 2.1B billions of current united states dollars2011: 3.7B billions of current united states dollars2012: 15.8B billions of current united states dollars2013: 4.2B billions of current united states dollars2014: 3.0B billions of current united states dollars2015: 330.0M billions of current united states dollars2016: 1.4B billions of current united states dollars2017: 1.9B billions of current united states dollars2018: 1.8B billions of current united states dollars2019: 1.7B billions of current united states dollars2020: 120.0M billions of current united states dollars2021: 2.4B billions of current united states dollars2022: 14.9B billions of current united states dollars2023: 6.4B 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

In 2023, fossil-fuel subsidies in Malaysia stood at 6.37 billion billions of current united states dollars.

The figure is down 57.2% on the previous year and up 53.5% over ten years.

Over the whole period, fossil-fuel subsidies in Malaysia peaked at 15.75 billion billions of current united states dollars in 2012 and was at its lowest, 120.00 million billions of current united states dollars, in 2020.

Malaysia ranks 30th of 149 countries on this measure, 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 3.58 billion billions of current united states dollars 330.00 million billions of current united states dollars 15.75 billion billions of current united states dollars 10
2020s 5.93 billion billions of current united states dollars 120.00 million billions of current united states dollars 14.90 billion billions of current united states dollars 4

Countries ranked near Malaysia

  1. 27 Libya 8.05 billion billions of current united states dollars compare
  2. 28 Bangladesh 8.00 billion billions of current united states dollars compare
  3. 29 Colombia 7.44 billion billions of current united states dollars compare
  4. 31 Turkmenistan 6.23 billion billions of current united states dollars compare
  5. 32 Nigeria 5.91 billion billions of current united states dollars compare
  6. 33 Ireland 5.26 billion billions of current united states dollars compare

See the full ranking of 149 places →

More energy & mining data for Malaysia

All data for Malaysia →

Frequently asked questions

What is fossil-fuel subsidies in Malaysia?
Fossil-fuel subsidies in Malaysia was 6.37 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 Malaysia?
The highest recorded value was 15.75 billion billions of current united states dollars in 2012.
What is the lowest fossil-fuel subsidies recorded in Malaysia?
The lowest recorded value was 120.00 million billions of current united states dollars in 2020.
How does Malaysia rank for fossil-fuel subsidies?
Malaysia ranks 30th out of 149 countries with data for 2023.
Is fossil-fuel subsidies rising or falling in Malaysia?
Over the last ten years it is up 53.5%. The long-run trend across the full record is volatile.
Where does this Malaysia 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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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)