Key Market Indicators
Colombia's energy consumption is projected to climb to approximately 2.3 exajoules by 2028, up from 2.2 exajoules in 2023, marking an average annual growth rate of 0.9%. Since 1970, Colombian energy demand has seen a yearly increase of 1.7%. In 2023, Colombia ranked 38th globally in energy consumption, just behind Venezuela, which reported 2.2 exajoules. In the global context, the United States, India, and Russia held the second, third, and fourth positions, respectively, in energy consumption rankings.
