Key Market Indicators
Latvian energy consumption is projected to remain at 0.15 Exajoules in 2026. This would be a slight decrease of 0.3% year-on-year since 2021, and a 1% decline since 1990. Latvia ranked 74th in the world in 2021, with Estonia coming ahead at 0.15 Exajoules. The United States, India, and Russia held the second, third, and fourth spots, respectively. Latvian energy supply is predicted to stay at 4.36 million tonnes of oil equivalent in 2026. This would be a slight decrease of 0.2% year-on-year since 2021, and a 0.5% rise since 1995. Latvia held the 115th spot in the world in 2021, with El Salvador coming ahead at 4.36 million tonnes of oil equivalent. The United States, India, and Russia ranked second, third, and fourth, respectively.