In 2023, South Africa led with the highest value at 0.77% of GDP for direct transfer on end-use electricity in the residential sector, showing a significant year-on-year increase of 71.21%. Notably, Armenia also saw substantial growth at 67.03%. Conversely, countries like Ireland and Moldova witnessed declines of 18.32% and 9.71%, respectively. Azerbaijan and Ukraine experienced modest contractions, whereas Australia, Mexico, Belgium, and Canada showed positive trends.
Future trends to watch include:
- Potential stabilization or adjustments in countries with drastic changes such as South Africa and Armenia.
- Greater adoption of renewable energy and efficiency measures influencing residential electricity dynamics.
- Evolving policy impacts on electricity pricing and consumption across diverse regions.
- Significant innovation and investment trends leading to varied long-term growth patterns globally.
Top countries in Direct Transfer on End-Use Electricity for Residential by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Africa | 0.77 | 2023 | +27.71% | +71.21% | View data |
| 2 | 2 Azerbaijan | 0.25 | 2023 | +27.46% | -2.97% | View data |
| 3 | 3 Ukraine | 0.19 | 2023 | +6.15% | -0.72% | View data |
| 4 | 4 Australia | 0.075 | 2023 | 0% | +9.8% | View data |
| 5 | 5 Mexico | 0.065 | 2023 | +8.33% | +12.54% | View data |
| 6 | 6 Spain | 0.021 | 2023 | +5% | +0.98% | View data |
| 7 | 7 Colombia | 0.018 | 2023 | -5.26% | +5.15% | View data |
| 8 | 8 Armenia | 0.013 | 2023 | +8.33% | +67.03% | View data |
| 9 | 9 Belgium | 0.012 | 2023 | 0% | +11.38% | View data |
| 10 | 10 Ireland | 0.012 | 2023 | -29.41% | -18.32% | View data |
