The Gross Value Added (GVA) for Electricity, Gas, Water, and Waste Services in Australia has shown variability over the past decade. From 2013 to 2017, the sector experienced considerable growth, peaking at 49.27 billion AUD. However, from 2018 onwards, the growth rate slowed, with a notable decline post-2020. By 2023, the GVA stood at 48.75 billion AUD. The CAGR over the past five years is -0.99%, reflecting a slight downward trend.
Year-on-year analysis over the last two years shows a minimal positive increase of 0.28% in 2023 followed by a projected decrease of -1.23% in 2024. Long-term projections indicate a continued decline, averaging nearly -1% annually over the next five years.
Future trends to watch: - Increased investment in renewable energy sources might alter the downward trend.- Regulatory changes and technological advancements in waste management could impact GVA.- External economic factors such as inflation rates and global market shifts may further influence the sector's performance.
