Fossil fuel subsidies in Venezuela
Venezuela: Fossil fuel subsidies was 13.50 billion in 2023. ▼ Falling
Latest (2023)
13.50 billion
Change on year
down 25.7%
World rank
18th
of 149 countries
All-time high
35.22 billion
in 2013
All-time low
4.69 billion
in 2020
Years of data
14
2010–2023
Fossil fuel subsidies in Venezuela, 2010–2023
Source: Our World in Data.
Analysis
The most recent figure for fossil fuel subsidies in Venezuela is 13.50 billion, measured in 2023.
That represents a change of down 25.7% on the previous year and down 61.7% over ten years.
Over the whole period, fossil fuel subsidies in Venezuela peaked at 35.22 billion in 2013 and was at its lowest, 4.69 billion, in 2020.
Venezuela ranks 18th of 149 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 14 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 22.11 billion | 12.24 billion | 35.22 billion | 10 |
| 2020s | 11.75 billion | 4.69 billion | 18.17 billion | 4 |
Countries ranked near Venezuela
- 15 Kazakhstan 15.24 billion compare
- 16 Iraq 14.37 billion compare
- 17 United Arab Emirates 14.06 billion compare
- 19 United Kingdom 12.63 billion compare
- 20 Argentina 11.34 billion compare
- 21 Uzbekistan 11.11 billion compare
More energy & mining data for Venezuela
- Fuel imports 0.8% (2013)
- Ores and metals imports 1.2% (2013)
- Ores and metals exports 0.4% (2013)
- Gas production 310.44 terawatt-hours (2025)
- Fossil fuel production per person, by fuel 10,886 kilowatt-hours per person (2025)
- Fossil fuel production by fuel 310.44 terawatt-hours (2025)
- Gas production per person 10,886 kilowatt-hours per person (2025)
- Fuel exports 97.7% (2013)
- Electric power transmission and distribution losses 21.4% (2023)
- Share of dietary energy supply from carbohydrates vs gdp per capita 58.14 (2023)
Frequently asked questions
- What is fossil fuel subsidies in Venezuela?
- Fossil fuel subsidies in Venezuela was 13.50 billion in 2023, according to Our World in Data.
- What is the highest fossil fuel subsidies recorded in Venezuela?
- The highest recorded value was 35.22 billion in 2013.
- What is the lowest fossil fuel subsidies recorded in Venezuela?
- The lowest recorded value was 4.69 billion in 2020.
- How does Venezuela rank for fossil fuel subsidies?
- Venezuela ranks 18th out of 149 countries with data for 2023.
- Is fossil fuel subsidies rising or falling in Venezuela?
- Over the last ten years it is down 61.7%. The long-run trend across the full record is falling.
- Where does this Venezuela 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.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (Our World in Data).