Key Market Indicators
Lithuania's electricity generation is projected to decline significantly over the next five years. By 2028, the country's electricity output is expected to reach approximately 2.4 terawatt-hours, down from around 4.3 terawatt-hours in 2023. This represents a year-on-year compound annual growth rate (CAGR) decrease of 9.5%. Despite this anticipated drop, Lithuania has seen a steady increase in its electricity supply since 1990, with an annual growth rate of 4.3%. In 2023, Lithuania was ranked 76th globally in terms of electricity generation. Latvia, which generated the same amount of 4.3 terawatt-hours, surpassed Lithuania in the rankings. Among the top global producers, the United States, India, and Russia held the second, third, and fourth positions, respectively.
