Global Gas Turbine Services Market By End User
Venezuela, RB Electricity production from natural gas sources (% of total)
What is Venezuela, RB's electricity production from natural gas sources (% of total)? As of 2023, it's 5.2% (share) of total electricity producti, down from 20.5% (share) of total electricity producti in 2014.
| Label | Electricity production from natural gas sources (% of total) |
|---|---|
| 2014 | 20.5073% (share) of total electricity producti |
| 2015 | 17.0596% (share) of total electricity producti |
| 2016 | 16.311% (share) of total electricity producti |
| 2017 | 26.3874% (share) of total electricity producti |
| 2018 | 11.2662% (share) of total electricity producti |
| 2019 | 8.8495% (share) of total electricity producti |
| 2020 | 5.1347% (share) of total electricity producti |
| 2021 | 4.4754% (share) of total electricity producti |
| 2022 | 4.8565% (share) of total electricity producti |
| 2023 | 5.2436% (share) of total electricity producti |
Data Source: World Bank and Wantstats Repository
Venezuela, RB Electricity production from natural gas sources (% of total): Key Points
- In 2023, Venezuela, RB's electricity production from natural gas sources stood at 5.24 % (share) of total electricity producti — down from 20.51 % (share) of total electricity producti in 2014, a fall of roughly 74%.
- 2017: leaps to 26.39 % (share) of total electricity producti (+62%).
- 2018: falls away sharply to 11.27 % (share) of total electricity producti (-57%).
- 2019: drops to 8.85 % (share) of total electricity producti (-21%).
- 2020: caves in to 5.13 % (share) of total electricity producti (-42%).
- 2023: Close at 5.24 % (share) of total electricity producti — a loss of 74.4% since 2014.
Why There's No Clean Trend Here
Don't anchor on the most recent year. With this much back-and-forth, the latest reading is one data point among several similarly-weighted ones, not the start of a new trend.
Venezuela, RB's number here, like most in this category, is built from a mix of direct measurement and statistical modeling — reliable for tracking direction, less reliable for pinning down an exact year-to-year figure.
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