In 2023, the energy productivity in the Philippines stood at $15.45 USD per Thousand of Total Primary Energy Supply. Moving forward, the forecasted values for energy productivity from 2024 onwards exhibit a positive trend, with consistent year-on-year growth. In 2024, the value is expected to be $15.59 USD, growing to $16.13 USD by 2028. The year-on-year variation indicates an average annual growth rate of approximately 0.9% during the forecasting period.
Future trends to watch for include:
- Technological advancements in energy efficiency that could further boost energy productivity.
- Policy changes focusing on sustainable energy use and potential impacts on consumption patterns.
- Investment trends in renewable energy sources impacting overall energy productivity.
- Global economic conditions influencing energy consumption and productivity metrics.
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