Analyzing Canada's GDP energy intensity from 2023 to 2028 shows a consistent decline from 6.5 megajoules per USD in 2024 down to 6.36 by 2028. From 2024 to 2028, annual reductions are approximately 0.61% on average. In 2023, the GDP energy intensity stood at 6.5 megajoules per USD. This steady decrease reflects improvements in energy efficiency or a shift towards less energy-intensive economic activities. The Compound Annual Growth Rate (CAGR) indicates a modest but steady decline.
Future trends to watch include:
- Implementation of new energy-saving technologies.
- Shifts in industrial activity toward less energy-dependent sectors.
- Policy changes promoting renewable energy sources.
- Economic conditions affecting energy consumption patterns.
