Key Market Indicators
Bulgarian energy consumption is projected to remain steady at approximately 0.84 exajoules by 2028, reflecting a modest annual growth rate of 0.1%. This figure mirrors the nation's energy use in 2023, underscoring a period of stability in consumption levels. Since 1970, Bulgaria has experienced an annual increase in energy demand of 1.2%, indicative of the country's gradual economic development and industrial expansion. In 2023, Bulgaria was ranked 61st globally in terms of energy consumption. New Zealand, with an energy consumption of around 0.84 exajoules, slightly edged out Bulgaria in the same year. Leading the global rankings were the United States, India, and Russia, occupying the second, third, and fourth positions respectively.