Key Market Indicators
Estonia's energy consumption is projected to hit 0.23 exajoules by 2028, up from 0.22 exajoules in 2023. This marks an average annual growth rate of 0.5%. Historically, Estonia's energy demand has been on the decline, decreasing by 4.4% annually since 1990. As of 2023, the country ranked 73rd in global energy consumption, with Iceland surpassing it at 0.22 exajoules. On the global stage, the United States, India, and Russia secured the second, third, and fourth positions in energy consumption rankings, respectively.
