In 2023, South Africa demonstrated a notable increase in total support for end-use electricity, with a 71.11% growth year-on-year, marking it as the highest among the listed countries. Similarly, significant support growth was observed in Armenia and the United States, registering 67.03% and 26.58% respectively. Conversely, Argentina and Ireland experienced the largest declines, with year-on-year reductions of 30.01% and 20.16% respectively. The average annual growth rate over the past five years has further accentuated these disparities among countries.
Future trends to watch include the impact of renewable energy initiatives and energy policy shifts in influencing the level of total support for electricity end-use across different countries. Monitoring economic and geopolitical factors will be crucial in predicting future fluctuations in support levels, particularly for emerging markets and those with energy-intensive industries.
Top countries in Total Support on End-Use Electricity for All Beneficiaries or Sectors by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Africa | 1.45 | 2023 | +27.59% | +71.11% | View data |
| 2 | 2 Greece | 0.33 | 2023 | +0.62% | +1.47% | View data |
| 3 | 3 Mexico | 0.29 | 2023 | +3.6% | +12.47% | View data |
| 4 | 4 Moldova | 0.22 | 2023 | -7.53% | -5.99% | View data |
| 5 | 5 Ukraine | 0.19 | 2023 | +6.04% | -0.41% | View data |
| 6 | 6 Australia | 0.089 | 2023 | 0% | +8.94% | View data |
| 7 | 7 Finland | 0.05 | 2023 | +2.04% | +0.4% | View data |
| 8 | 8 Spain | 0.044 | 2023 | +2.33% | +0.93% | View data |
| 9 | 9 Germany | 0.043 | 2023 | -8.51% | -5.81% | View data |
| 10 | 10 Colombia | 0.024 | 2023 | -17.24% | -10.16% | View data |
