Key Market Indicators
Venezuelan energy consumption is projected to reach 2.25 exajoules by 2028, up from 2.21 exajoules in 2023. This represents an average annual growth rate of 0.2%. Since 1970, Venezuela's energy demand has seen a year-on-year decrease of 3.1%. In 2023, the country ranked 37th in global energy consumption. Sweden slightly edged out Venezuela with a consumption of 2.21 exajoules. Globally, the United States, India, and Russia secured the second, third, and fourth positions, respectively, in the energy consumption rankings.
