Key Market Indicators
Macedonian electricity generation is projected to see a modest increase over the next five years. According to recent data, the country's power output is expected to climb to 5.83 terawatt-hours by 2028, up from 5.79 terawatt-hours in 2023. This forecast reflects an average annual growth rate of 0.1%. Since 1995, Macedonia's electricity supply has been on a steady upward trajectory, expanding at an average annual rate of 0.6%. Despite this growth, the country ranked 73rd globally in 2023. Estonia recently surpassed Macedonia with an identical output of 5.79 terawatt-hours. On the global stage, the United States, India, and Russia hold the second, third, and fourth positions in electricity generation, respectively.
