Key Market Indicators
Iraq's energy consumption is projected to hit 2.5 Exajoules by 2028, marking a steady increase from 2.3 Exajoules in 2023. This growth represents an annual compound growth rate of 1.1%. Historically, since 1970, Iraq has seen an average annual increase in energy demand of 1.4%. In the global ranking for 2023, Iraq stood at 35th position. Notably, Ukraine surpassed Iraq with an energy consumption of 2.3 Exajoules. Leading the global energy consumption chart were the United States, India, and Russia, occupying the second, third, and fourth spots respectively.
