In 2023, South Africa demonstrated a significant increase in total support for end-use electricity for residential purposes, with a year-on-year variation of 71.21%. Greece saw minimal change at 0.98%, while Azerbaijan and Moldova experienced decreases of -2.97% and -5.99%, respectively. Mexico had a noteworthy rise of 12.54%, and Belgium followed closely with an increase of 11.38%. Conversely, Armenia presented a substantial rise of 67.03%, but Ireland, Colombia, Indonesia, and Argentina witnessed declines in support, with the most notable drop in Indonesia at -49.6%. The United States remained constant at 0.004% of GDP with no year-on-year variation.
Future trends to watch include the potential for increased support in emerging markets, particularly those that saw substantial rises in 2023, like South Africa and Armenia. Developing countries might also innovate to stabilize or grow support further. Exploration of renewable energy sources and government policies on energy subsidies may also play a crucial role in shaping future dynamics.
Top countries in Total Support 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 Greece | 0.31 | 2023 | +0.96% | +0.98% | View data |
| 3 | 3 Azerbaijan | 0.25 | 2023 | +27.46% | -2.97% | View data |
| 4 | 4 Moldova | 0.22 | 2023 | -7.53% | -5.99% | 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 Armenia | 0.013 | 2023 | +8.33% | +67.03% | View data |
| 8 | 8 Ireland | 0.013 | 2023 | -31.58% | -17.97% | View data |
| 9 | 9 Colombia | 0.012 | 2023 | -14.29% | -11.42% | View data |
| 10 | 10 Belgium | 0.012 | 2023 | 0% | +11.38% | View data |
