Key Market Indicators
Uruguayan energy supply is projected to increase to approximately 5.7 million tonnes of oil equivalent by 2028, rising from around 5.5 million tonnes of oil equivalent in 2023. This represents a compound annual growth rate (CAGR) of 0.7% per year. Since 1976, Uruguay's energy supply has consistently grown by an average of 0.7% annually. In the 2023 rankings, Uruguay stood at 28th place, with Costa Rica surpassing it, also recording around 5.5 million tonnes of oil equivalent. Meanwhile, France, Saudi Arabia, and the United Kingdom secured the second, third, and fourth positions respectively in the global energy supply rankings.
