Key Market Indicators
Latvian energy consumption is projected to reach 0.15 exajoules by 2028, marking a modest increase from 0.14 exajoules in 2023. This represents an average annual growth rate of 0.6%. Historically, Latvia has seen a decline in energy demand, with consumption falling by an average of 1.7% per year since 1990. In 2023, Latvia ranked 74th globally in energy consumption, with neighboring Estonia surpassing it at 0.14 exajoules. On the global stage, the United States, India, and Russia held the second, third, and fourth positions, respectively, in terms of energy consumption.
