The energy productivity in Angola, measured in US Dollars per Thousand of Total Primary Energy Supply, has shown variability over the past decade. Notable fluctuations were observed between 2013 and 2023 with significant declines in 2014 and 2018. However, a steady increase was recorded from 2020 to 2023, reaching a value of 14.45 in 2023.
Key Trends:
- The CAGR over the last 5 years was 2.59%, indicating a positive growth trend in recent years.- Year-on-year growth from 2021 to 2023 was relatively stable with small increments of 0.42%, 0.91%, and 0.89%, respectively.- Forecasted values from 2024 to 2028 suggest a continued gradual increase, with a forecasted 5-year CAGR of 0.66% and an overall growth rate of 3.33%.
Future Trends to Watch For:
- Pay attention to potential shifts in energy policies that might influence productivity gains.- Technological advancements in energy efficiency could further enhance productivity.- Economic diversification efforts and investments in sustainable energy sources may impact future productivity improvements.
