Key Market Indicators
Saudi Arabia's electricity generation is forecasted to rise to nearly 436 terawatt-hours by 2028, up from approximately 407 terawatt-hours in 2023. This represents an average annual growth rate of 1.1%. Historically, the nation's electricity supply has been increasing at a rate of 1.7% per year since 1990. In 2023, Saudi Arabia ranked 11th globally in electricity generation, with France surpassing it by producing the same amount of 407 terawatt-hours. The United States, India, and Russia occupied the second, third, and fourth positions, respectively, in the global ranking for electricity generation.
