Key Market Indicators
Finnish energy consumption is projected to decline slightly over the next few years, with estimates suggesting it will reach approximately 1.13 exajoules by 2028. This marks a modest decrease from the 1.15 exajoules reported in 2023, reflecting a year-on-year compound annual growth rate (CAGR) of -0.3%. Historical data shows a more pronounced downward trend in Finnish energy demand, which has been falling by an average of 0.9% annually since 1970. In the global context, Finland ranked 52nd in terms of energy consumption in 2023. Peru edged ahead of Finland with an energy consumption level of 1.15 exajoules. Leading the rankings were the United States, India, and Russia, holding the second, third, and fourth positions, respectively.
