Key Market Indicators
Estonian electricity generation is projected to decline slightly over the coming years. According to recent estimates, electricity production in Estonia will drop to 8.2 terawatt-hours by 2028 from 8.4 terawatt-hours in 2023, reflecting a compound annual growth rate (CAGR) decrease of 0.3%. Historically, the country's electricity supply has been experiencing a downward trend. Since 1990, Estonia's electricity generation has decreased by an average of 7.5% annually. In 2023, Estonia ranked 72nd globally in electricity generation. Trinidad and Tobago narrowly surpassed Estonia with a generation capacity of 8.4 terawatt-hours. Leading the global rankings in electricity generation are the United States, India, and Russia, occupying the second, third, and fourth positions respectively.
