In 2023, Ukraine led global direct transfers on natural gas as a percentage of GDP. Among significant changes, Armenia witnessed a 31.95% growth, while the United States saw a decline of 16.74%. Belgium's increase of 14.14% and Italy's 8.57% uptick marked positive growth trends. Contrastingly, Latvia and Greece faced substantial declines at -7.14% and -8.43%, respectively. Over the past five years, the average annual change in each country's contributions reflects varying degrees of adaptation to market conditions and policy changes.
In the coming years, global trends will likely be influenced by shifts towards sustainable energy, geopolitical impacts on gas supply, and variations in government policies for natural gas subsidies. Keep an eye on emerging markets and their adaptation trends, as well as potential technological advancements that might alter the landscape significantly.
Top countries in Direct Transfer on Natural Gas for Consumers by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 1.44 | 2023 | +1.98% | +0.069% | View data |
| 2 | 2 Latvia | 0.14 | 2023 | -6.21% | -7.14% | View data |
| 3 | 3 Argentina | 0.12 | 2023 | +13.46% | +4.65% | View data |
| 4 | 4 Italy | 0.089 | 2023 | +7.23% | +8.57% | View data |
| 5 | 5 Slovenia | 0.063 | 2023 | 0% | 0% | View data |
| 6 | 6 Moldova | 0.057 | 2023 | +3.64% | +3.93% | View data |
| 7 | 7 Greece | 0.056 | 2023 | -16.42% | -8.43% | View data |
| 8 | 8 Belgium | 0.031 | 2023 | +6.9% | +14.14% | View data |
| 9 | 9 Armenia | 0.024 | 2023 | +4.35% | +31.95% | View data |
| 10 | 10 Hungary | 0.016 | 2023 | 0% | -8.54% | View data |
