Key Market Indicators
Serbia's hydropower consumption is projected to hit 36,450 terajoules by 2028, marking a slight increase from 36,230 terajoules in 2023. The growth rate averages 0.1% annually. Despite this modest rise, Serbian demand for hydropower has actually been on a decline, decreasing by 1.1% per year since 1995. In 2023, Serbia held the 12th position globally in hydropower consumption, with Portugal narrowly ahead at 36,230 terajoules. Leading the rankings were Sweden, France, and Italy, occupying the second, third, and fourth spots respectively. Similarly, Serbia's hydropower generation is expected to reach 36,450 terajoules by 2028, up from 36,230 terajoules in 2023. This also represents an annual growth rate of 0.1%. Since 1995, however, the country's hydropower supply has fallen by 1.1% each year. In 2023, Serbia ranked 12th in hydropower generation, with Portugal slightly ahead at the same figure of 36,230 terajoules. The top spots in the rankings were held by Sweden, France, and Italy, in that order.
