The commercial industrial gas market in Estonia generated revenues of $38 million in 2015. This is up from $21 million in 2005, indicating an impressive average annual growth rate of 6.2% p.a.
Over the past decade (2005-2015), GDP increased by approximately 3.3% on average annually (inflation adjusted). In 2008 and 2009, the global financial crisis plunged Estonia into recession, resulting in negative growth of -5.4% and -14.7% respectively. Since then, growth has been strong, peaking at 7.6% in 2011 and has most recently posted respectable growth of 1.1% in 2015.
Report Data: 2018
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