Fossil-fuel subsidies in Sri Lanka
Sri Lanka: Fossil-fuel subsidies was 1.44 billion billions of current united states dollars in 2024. ◆ Volatile
Latest (2024)
1.44 billion billions of current united states dollars
Change on year
up 35.8%
World rank
52nd
of 189 countries
All-time high
2.56 billion billions of current united states dollars
in 2022
All-time low
80.00 million billions of current united states dollars
in 2016
Years of data
15
2010–2024
Fossil-fuel subsidies in Sri Lanka, 2010–2024
Source: United Nations Environment Programme – with minor processing by Our World in Data. Measured in billions of current united states dollars.
Analysis
The most recent figure for fossil-fuel subsidies in Sri Lanka is 1.44 billion billions of current united states dollars, measured in 2024.
That represents a change of up 35.8% on the previous year and up 336.4% over ten years.
Over the whole period, fossil-fuel subsidies in Sri Lanka peaked at 2.56 billion billions of current united states dollars in 2022 and was at its lowest, 80.00 million billions of current united states dollars, in 2016.
That places Sri Lanka 52nd out of 189 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Fossil-fuel subsidies in Sri Lanka, year by year
| Year | billions of current united states dollars | Change |
|---|---|---|
| 2010 | 470.00 million billions of current united states dollars | — |
| 2011 | 850.00 million billions of current united states dollars | +80.9% |
| 2012 | 580.00 million billions of current united states dollars | -31.8% |
| 2013 | 270.00 million billions of current united states dollars | -53.4% |
| 2014 | 330.00 million billions of current united states dollars | +22.2% |
| 2015 | 150.00 million billions of current united states dollars | -54.5% |
| 2016 | 80.00 million billions of current united states dollars | -46.7% |
| 2017 | 200.00 million billions of current united states dollars | +150.0% |
| 2018 | 380.00 million billions of current united states dollars | +90.0% |
| 2019 | 410.00 million billions of current united states dollars | +7.9% |
| 2020 | 250.00 million billions of current united states dollars | -39.0% |
| 2021 | 1.06 billion billions of current united states dollars | +324.0% |
| 2022 | 2.56 billion billions of current united states dollars | +141.5% |
| 2023 | 1.06 billion billions of current united states dollars | -58.6% |
| 2024 | 1.44 billion billions of current united states dollars | +35.8% |
Sri Lanka compared with similar countries
- Sri Lanka's 1.44 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, 41.1× the median. (56 countries reporting)
- Sri Lanka's 1.44 billion billions of current united states dollars is above the median for South Asia, which is 725.00 million billions of current united states dollars, 2.0× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 372.00 million billions of current united states dollars | 80.00 million billions of current united states dollars | 850.00 million billions of current united states dollars | 10 |
| 2020s | 1.27 billion billions of current united states dollars | 250.00 million billions of current united states dollars | 2.56 billion billions of current united states dollars | 5 |
Countries ranked near Sri Lanka
- 49 Ecuador 1.91 billion billions of current united states dollars compare
- 50 Thailand 1.78 billion billions of current united states dollars compare
- 51 Croatia 1.46 billion billions of current united states dollars compare
- 53 Israel 1.33 billion billions of current united states dollars compare
- 54 Romania 1.25 billion billions of current united states dollars compare
- 55 South Korea 1.23 billion billions of current united states dollars compare
More energy & mining data for Sri Lanka
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, annual growth rate 4.83 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0 terawatt-hours per person (2025)
- 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 21.5% (2024)
Frequently asked questions
- What is fossil-fuel subsidies in Sri Lanka?
- Fossil-fuel subsidies in Sri Lanka was 1.44 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 Sri Lanka?
- The highest recorded value was 2.56 billion billions of current united states dollars in 2022.
- What is the lowest fossil-fuel subsidies recorded in Sri Lanka?
- The lowest recorded value was 80.00 million billions of current united states dollars in 2016.
- How does Sri Lanka rank for fossil-fuel subsidies?
- Sri Lanka ranks 52nd out of 189 countries with data for 2024.
- Is fossil-fuel subsidies rising or falling in Sri Lanka?
- Over the last ten years it is up 336.4%. The long-run trend across the full record is volatile.
- Where does this Sri Lanka 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).