Fossil-fuel subsidies in Mexico

Mexico: Fossil-fuel subsidies was 16.41 billion billions of current united states dollars in 2023. ▲ Rising

Latest (2023)
16.41 billion billions of current united states dollars
Change on year
down 51.1%
World rank
14th
of 149 countries
All-time high
33.57 billion billions of current united states dollars
in 2022
All-time low
9.61 billion billions of current united states dollars
in 2014
Years of data
14
2010–2023

Fossil-fuel subsidies in Mexico, 2010–2023

10.0B15.0B20.0B25.0B30.0B35.0B2010201620232010: 14.9B billions of current united states dollars2011: 24.4B billions of current united states dollars2012: 26.2B billions of current united states dollars2013: 16.8B billions of current united states dollars2014: 9.6B billions of current united states dollars2015: 12.0B billions of current united states dollars2016: 26.8B billions of current united states dollars2017: 14.3B billions of current united states dollars2018: 17.5B billions of current united states dollars2019: 18.3B billions of current united states dollars2020: 11.0B billions of current united states dollars2021: 26.4B billions of current united states dollars2022: 33.6B billions of current united states dollars2023: 16.4B 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

The most recent figure for fossil-fuel subsidies in Mexico is 16.41 billion billions of current united states dollars, measured in 2023.

That represents a change of down 51.1% on the previous year and down 2.4% over ten years.

Over the whole period, fossil-fuel subsidies in Mexico peaked at 33.57 billion billions of current united states dollars in 2022 and was at its lowest, 9.61 billion billions of current united states dollars, in 2014.

Mexico ranks 14th of 149 countries on this measure, in the top 10%.

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

Averages by decade

DecadeAverage LowestHighest Years
2010s 18.09 billion billions of current united states dollars 9.61 billion billions of current united states dollars 26.80 billion billions of current united states dollars 10
2020s 21.84 billion billions of current united states dollars 11.01 billion billions of current united states dollars 33.57 billion billions of current united states dollars 4

Countries ranked near Mexico

  1. 11 Egypt 28.98 billion billions of current united states dollars compare
  2. 12 Algeria 26.60 billion billions of current united states dollars compare
  3. 13 United States 17.83 billion billions of current united states dollars compare
  4. 15 Kazakhstan 15.24 billion billions of current united states dollars compare
  5. 16 Iraq 14.37 billion billions of current united states dollars compare
  6. 17 United Arab Emirates 14.06 billion billions of current united states dollars compare

See the full ranking of 149 places →

More energy & mining data for Mexico

All data for Mexico →

Frequently asked questions

What is fossil-fuel subsidies in Mexico?
Fossil-fuel subsidies in Mexico was 16.41 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 Mexico?
The highest recorded value was 33.57 billion billions of current united states dollars in 2022.
What is the lowest fossil-fuel subsidies recorded in Mexico?
The lowest recorded value was 9.61 billion billions of current united states dollars in 2014.
How does Mexico rank for fossil-fuel subsidies?
Mexico ranks 14th out of 149 countries with data for 2023.
Is fossil-fuel subsidies rising or falling in Mexico?
Over the last ten years it is down 2.4%. The long-run trend across the full record is rising.
Where does this Mexico 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)