Fossil fuel subsidies in Trinidad and Tobago

Trinidad and Tobago: Fossil fuel subsidies was 800.00 million in 2023. β–² Rising

Latest (2023)
800.00 million
Change on year
down 39.4%
World rank
70th
of 149 countries
All-time high
1.32 billion
in 2022
All-time low
310.00 million
in 2020
Years of data
12
2012–2023

Fossil fuel subsidies in Trinidad and Tobago, 2012–2023

250.0M500.0M750.0M1.0B1.2B2012201720232012: 580.0M2013: 1.1B2014: 990.0M2015: 820.0M2016: 560.0M2017: 620.0M2018: 710.0M2019: 550.0M2020: 310.0M2021: 890.0M2022: 1.3B2023: 800.0M

Source: Our World in Data.

Analysis

Trinidad and Tobago recorded 800.00 million for fossil fuel subsidies in 2023.

The figure is down 39.4% on the previous year and down 25.9% over ten years.

Over the whole period, fossil fuel subsidies in Trinidad and Tobago peaked at 1.32 billion in 2022 and was at its lowest, 310.00 million, in 2020.

That places Trinidad and Tobago 70th out of 149 countries with data for 2023, putting it in the middle of the range.

The long-run direction has been consistently rising across the 12 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2010s 738.75 million 550.00 million 1.08 billion 8
2020s 830.00 million 310.00 million 1.32 billion 4

Countries ranked near Trinidad and Tobago

  1. 67 Tajikistan 940.00 million compare
  2. 68 Slovak Republic 930.00 million compare
  3. 69 Sri Lanka 850.00 million compare
  4. 71 Myanmar 720.00 million compare
  5. 72 Ghana 630.00 million compare
  6. 73 Congo, Democratic Republic of the 600.00 million

See the full ranking of 149 places β†’

More energy & mining data for Trinidad and Tobago

All data for Trinidad and Tobago β†’

Frequently asked questions

What is fossil fuel subsidies in Trinidad and Tobago?
Fossil fuel subsidies in Trinidad and Tobago was 800.00 million in 2023, according to Our World in Data.
What is the highest fossil fuel subsidies recorded in Trinidad and Tobago?
The highest recorded value was 1.32 billion in 2022.
What is the lowest fossil fuel subsidies recorded in Trinidad and Tobago?
The lowest recorded value was 310.00 million in 2020.
How does Trinidad and Tobago rank for fossil fuel subsidies?
Trinidad and Tobago ranks 70th out of 149 countries with data for 2023.
Is fossil fuel subsidies rising or falling in Trinidad and Tobago?
Over the last ten years it is down 25.9%. The long-run trend across the full record is rising.
Where does this Trinidad and Tobago data come from?
The figures come from Our World in Data, published as part of Fossil fuel subsidies. Statizoid updates them automatically from the source API.

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Fossil fuel subsidies in Trinidad and Tobago. Statizoid, drawing on Our World in Data. Retrieved 20 August 2026, from https://energy.statizoid.com/stat/fossil-fuel-subsidies/trinidad-and-tobago/

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About this data

Indicator
Fossil fuel subsidies
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
149 places, 1,727 data points, 2010–2024
Last refreshed