Key Market Indicators
Latvia's energy consumption is projected to reach 0.15 exajoules by 2028, up from 0.14 exajoules in 2023. This marks a compound annual growth rate (CAGR) of 0.6%. Since 1990, the country's energy demand has seen a yearly decrease of 1.7%. Despite the recent uptick, Latvia ranked 74th globally in 2023, with Estonia surpassing it at 0.14 exajoules. On the global stage, the United States, India, and Russia held the second, third, and fourth positions in energy consumption, respectively.
