Forecast: Energy Productivity in Saudi Arabia

Energy productivity in Saudi Arabia stood at USD 6.33 per thousand of Total Primary Energy Supply in 2023. Over the past two years, energy productivity experienced a steady decline, with a year-on-year decrease of 1.76% in 2023 and 1.74% in 2022. The compound annual growth rate (CAGR) for the five years leading up to 2023 was -1.64%, highlighting a consistent downtrend in the efficiency of energy use.

Looking ahead, the forecasted data suggests that the downward trend will continue over the next five years. By 2028, energy productivity is anticipated to drop to USD 5.78 per thousand of Total Primary Energy Supply, with a forecast 5-year CAGR of -1.45% and a total decline of approximately 7.03% from 2024 to 2028.

Future trends to watch for include:

• Potential policy interventions aimed at improving energy efficiency and productivity.

• Innovations in renewable energy that could alter the energy mix and impact productivity metrics.

• Economic factors influencing energy demand and supply dynamics in the region.