Forecast: Energy Consumption in Services in Angola

From 2013 to 2023, energy consumption in the services sector in Angola experienced fluctuations marked by significant drops in several years, particularly from 2015 to 2020. The value stood at 6.23 units in 2023, reflecting a modest growth. Between 2021 and 2023, the service sector showed signs of recovery, with energy consumption increasing by 5.59% in 2023. The CAGR over the last five years (2018-2023) was 2.86%, indicating a slow but positive growth trend.

Future trends to watch for include:

• Continued gradual recovery reflected in a forecasted 0.6% CAGR over the next five years.
• Potential volatility influenced by economic and policy changes in Angola.
• Watch for infrastructure developments and government policies aimed at stabilizing and boosting energy efficiency in the services sector.