Key Market Indicators
Estonia's electricity generation is projected to decline slightly over the next five years. According to recent forecasts, the country's electricity output will decrease from 8.4 terawatt-hours in 2023 to approximately 8.2 terawatt-hours by 2028. This marks a compound annual growth rate (CAGR) decline of 0.3% year on year. Historical data highlights a more pronounced long-term trend, with Estonian electricity supply dropping by 7.5% annually since 1990. In the global context, Estonia was ranked 72nd in electricity generation in 2023. Trinidad and Tobago narrowly surpassed Estonia with an output of 8.4 terawatt-hours. The top three countries in electricity generation remain the United States, India, and Russia, holding the second, third, and fourth spots respectively.
