Forecast: Energy Consumption in Services in Brazil

The energy consumption in the services sector in Brazil has shown a fluctuating trend from 2013 to 2023. Starting at 5.21 units in 2013 and reaching 5.45 units in 2023, the sector experienced both growth and contraction periods. The largest annual decline occurred in 2020, with a 6.23% decrease due to the COVID-19 pandemic. However, the sector rebounded slightly but steadily in the following years. Over the last five years (2018-2023), the average annual growth rate (CAGR) was -0.68%, indicating a slight overall decline despite recent recoveries.

Looking ahead, the energy consumption in the services sector is forecasted to grow gradually, reaching 5.49 units by 2028, with a modest average annual growth rate of 0.11% over the next five years.

Future trends to watch for include the impact of digitalization and energy efficiency measures, which could alter energy consumption patterns, and the potential influence of economic policies aimed at sustainable development in Brazil's service sector.