In 2023, Argentina's direct transfer on petroleum for electricity generation grew by 6.07%, reaching a leading position among the countries listed, with a value of $4.1 billion. Brazil experienced a contraction of 3.91%, placing it second at $1.08 billion. Greece showed significant growth at 8.2%, positioning its spending at $0.82577 billion. The United States and Italy saw minor declines, with U.S. dropping by 0.0067% and Italy increasing by 3.72%, documenting values of $0.02696 billion and $0.0191 billion, respectively.
Future trends to consider include:
- The increasing shift towards renewable energy sources and its impact on petroleum demand.
- National energy policies and economic conditions influencing investment in electricity generation.
- Technological advancements potentially reducing reliance on petroleum for electricity.
Top countries in Direct Transfer on Petroleum for Electricity Generation by Country
| # | 5 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Argentina | 4,100 | 2023 | +7.63% | +6.07% | View data |
| 2 | 2 Brazil | 1,080 | 2023 | -2.71% | -3.91% | View data |
| 3 | 3 Greece | 825.77 | 2023 | +8.21% | +8.2% | View data |
| 4 | 4 United States | 26.96 | 2023 | -2.45% | -0.0067% | View data |
| 5 | 5 Italy | 19.1 | 2023 | +4.46% | +3.72% | View data |
