Energy Efficiency and Gross Capital Formation (2011–2022)
While the urbanization rate increased steadily from 79.6% to 81.4%, efficiency declined significantly from 157.4 to 113.9, indicating that efficiency continued to improve with urbanization There was no significant change in GF, which remained within the range of 32.9%-32.3%. However, EE declined from 157 to 114, indicating an improvement in efficiency despite fluctuations in the APO PRODUCTIVITY OUTLOOK 2026| ENERGY EFFICIENCY, PRODUCTIVITY IMPACTS, AND COMPOSITE INDICATOR DEVELOPMENT | 195