Sweden's energy productivity has demonstrated a positive trend over the past decade, starting from USD 9.02 in 2013 and reaching USD 11.93 in 2023. Notably, the year-on-year variations have generally reflected growth, with the most substantial increase observed in 2015 at 12.98%, and a slight dip in 2016 with a decrease of 5.12%. The average CAGR over the last five years up to 2023 stands at 3.27%, indicating a steady rise in energy productivity.
Looking toward the future, the forecast data from 2024 to 2028 suggests a continued, albeit slower, improvement in energy productivity with a projected CAGR of 1.28%. The total growth rate over the forecast period is anticipated to be 6.57%, reaching USD 12.93 by 2028.
Future trends to watch for:
- Technological advancements in energy efficiency and renewable energy sources.
- Government policies and incentives aimed at reducing carbon footprints and improving energy utilization.
- Economic factors that could impact energy supply chains and costs.
- Global energy market dynamics and Sweden’s integration into European energy networks.