Key Market Indicators
Latvia's electricity generation is projected to grow marginally, rising to approximately 5.2 terawatt-hours by 2028 from its current 5.16 terawatt-hours in 2023. This represents a modest annual growth rate of 0.1%. Since 1990, Latvia has experienced a consistent decline in electricity supply, averaging a decrease of 5.2% per year. Despite this downward trend, the country was ranked 75th globally in electricity generation in 2023. Trailing closely behind, Cyprus achieved a near-similar output of 5.16 terawatt-hours. In the global rankings, the United States, India, and Russia secured the second, third, and fourth positions, respectively, for electricity generation.
