Key Market Indicators
Latvia's electricity generation is projected to experience a modest increase, reaching approximately 5.2 terawatt-hours by 2028. This marks a slight rise from 2023's figure of around 5.16 terawatt-hours, averaging a 0.1% growth per year. Historically, Latvia's electricity supply has seen a downturn. Since 1990, the country's electricity generation has decreased by an average of 5.2% annually. In the global rankings for 2023, Latvia was positioned at number 75. Just ahead was Cyprus, with a similar electricity generation figure of 5.16 terawatt-hours. Dominating the top spots, the United States, India, and Russia were ranked second, third, and fourth, respectively.
