In 2023, Belgium's energy productivity stood at 10.58 US Dollars per Thousand of Total Primary Energy Supply. Based on the forecasts, energy productivity is expected to increase to 10.66 in 2024, 10.75 in 2025, 10.84 in 2026, 10.92 in 2027, and finally 11.0 in 2028. This demonstrates a steady year-on-year increment in energy productivity.
The year-on-year percentage variations from 2024 onwards are as follows:
- From 2024 to 2025: 0.84%
- From 2025 to 2026: 0.84%
- From 2026 to 2027: 0.74%
- From 2027 to 2028: 0.73%
The compound annual growth rate (CAGR) over the five-year forecast period from 2024 to 2028 is 0.79%. This steady growth indicates a gradual improvement in energy efficiency in Belgium over the mid-term.
Future trends to watch for include further technological advances in energy-efficient systems and renewable energy adoption. Government policies on energy reduction and corporate sustainability initiatives will likely play significant roles in enhancing energy productivity. Global energy market fluctuations and geopolitical developments could also impact future forecasts.
