OIL SUBSIDIES ARE DOWN SINCE 2013 BUT BY LESS THAN THE FALL IN OIL PRICES*

*ADJUSTING THE 2013 SPEND FOR SUBSEQUENT OIL PRICE CHANGES WOULD RESULT IN AN AVERAGE FALL IN SPENDING OF 3.5% OF GDP, IE FROM 4.9% TO 1.4% FOR THE REGION AS A WHOLE. SOURCE: IMF, JUNE 2017.

 

TOTAL ENERGY* SUBSIDIES: CUTS TO POWER AND GAS SUBSIDIES HAVE BEEN LESS IMPRESSIVE THAN FOR OIL PRODUCTS

*OIL PRODUCTS, NATURAL GAS & ELECTRICITY. SOURCE: IMF, JUNE 2017.