In 2023, countries like South Africa, Slovakia, and Poland exhibited notable direct coal transfer as a percentage of GDP, with South Africa leading at 0.26%. This reflects substantial reliance on coal, either through economic necessity or policy choices. However, Poland, Hungary, and India saw a significant decline in percentages, indicating possible shifts towards cleaner energy alternatives or economic transitions away from coal-based industries. The CAGR over the past five years suggests that countries like China and Italy have shown an increased annual percentage, perhaps indicating a slower transition or continued reliance on coal.
Future trends to watch include potential policy changes aimed at reducing coal reliance due to environmental concerns and international pressures. Moreover, advancements in renewable energy technology may further influence countries to diversify their energy portfolios, potentially reducing these values in upcoming years. Monitoring these shifts will be crucial for stakeholders in energy markets and policy makers.
Top countries in Direct Transfer on Coal for All Beneficiaries or Sectors by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Africa | 0.26 | 2023 | +1.17% | +4.28% | View data |
| 2 | 2 Slovakia | 0.14 | 2023 | +2.22% | +1.2% | View data |
| 3 | 3 Poland | 0.11 | 2023 | -5.04% | -6.84% | View data |
| 4 | 4 Greece | 0.093 | 2023 | +1.09% | +2.3% | View data |
| 5 | 5 Germany | 0.056 | 2023 | -1.75% | +1.89% | View data |
| 6 | 6 Italy | 0.024 | 2023 | +9.09% | +8.45% | View data |
| 7 | 7 China | 0.019 | 2023 | +11.76% | +11.55% | View data |
| 8 | 8 Argentina | 0.018 | 2023 | -10% | +2.38% | View data |
| 9 | 9 Hungary | 0.014 | 2023 | -17.65% | -13.55% | View data |
| 10 | 10 Spain | 0.013 | 2023 | -7.14% | -12.26% | View data |
