Key Market Indicators
Belgium's energy consumption is projected to hit 2.5 exajoules by 2028, marking a modest annual growth rate of 0.1% from its 2023 level of 2.49 exajoules. This follows a long-term trend since 1970, where Belgian energy demand has decreased by an average of 0.6% per year. In 2023, Belgium ranked 33rd globally in energy consumption, with Algeria slightly ahead at 2.49 exajoules. The leading countries in this ranking were the United States, India, and Russia, occupying the second, third, and fourth positions, respectively.
