Key Market Indicators
Ecuador's electricity generation is projected to reach approximately 39 terawatt-hours by 2028, marking a steady climb from around 34 terawatt-hours in 2023. This growth represents an average annual increase of 2.1%. Since 1990, Ecuador has consistently expanded its electricity supply, averaging an annual growth rate of 3.1%. In the global ranking for 2023, Ecuador secured the 62nd position, with Ireland slightly ahead, also generating about 34 terawatt-hours. Leading the global electricity generation rankings are the United States, India, and Russia, occupying the second, third, and fourth spots, respectively.
