Advertisement
Due to its immense size, isolation, and industry composition (i.e., heavy mining and agriculture), Australia is literally one of the most diesel-dependent economies in the world.
The following chart from CBA shows that Australia consumed 7.7 barrels of diesel per person in 2024, the highest out of the nations surveyed:
“Australia uses more diesel per capita than most major economies“, CBA wrote in a recent report.
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.