Key Market Indicators
Venezuelan electricity generation is projected to decline to approximately 81.5 terawatt-hours by 2028, down from around 82.5 terawatt-hours in 2023. This represents an annual decrease of 0.2% in compound annual growth rate (CAGR). The trend continues a long-term decline; since 1990, Venezuela's electricity supply has shrunk by an average of 2.2% per year. In 2023, Venezuela ranked 43rd globally in electricity generation. Kuwait was just ahead, producing 82.5 terawatt-hours. Leading the global rankings were the United States, India, and Russia, occupying the second, third, and fourth positions respectively.
