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Energy is one of the most important dynamics of economic growth all over the world. Specially developing countries are in need of much more enery to provide economic growth. In this study, the relationship between energy consumption, economic growth, inflation and trade openness is exaimined by using structural VAR model for fragile five countries which have similar characteristics in terms of macroeconomic indicators. The analysis carried out with annual data that contains 1971-2013 period for fragile countries which contains of Turkey, South Africa, India, Indonesia and Brazil. According to the empirical results of the study, shocks that emerged in economic growth affect energy consumption positively but decreasingly in all countries. A substantial part of changes in energy consumption are explaned with economic growth in Turkey, India and Brazil. More than 80 percent of changes in energy consumption arise from energy consumption in South Africa and Indonesia.

Nowadays, one of the leading factors used in the evaluation of a country’s economic development is energy consumption. Because of economic growth, demand for energy is also increasing. In this study, the emerging European countries’ (the Czech Republic, Poland, Romania, Turkey) and the CIS countries’ (Kazakhstan, Russia, Ukraine, Uzbekistan)  electricity consumption has been forecasted for five years period (2015-2019). In the study, GM(1,1) Rolling Model, which is developed in the framework of Grey System Theory is used as a mathematical model for real-time forecasting. The results of the study show that there will not be a significant change in electricity demand in this two area during the 2015-2109 period.