Key Market Indicators
Iceland's electricity generation is projected to rise to 21 terawatt-hours by 2028, up from 20 terawatt-hours in 2023. This marks an annual growth rate of 0.5%. Since 1990, the country's electricity supply has consistently increased at a rate of 0.6% per year. In 2023, Iceland ranked 67th globally in electricity generation, with Slovakia surpassing it at 20 terawatt-hours. In the global rankings, the United States, India, and Russia held the second, third, and fourth positions, respectively.
