The commercial industrial gases market in Hungary was estimated to have generated revenues of $261m in 2016. This was up from $143m in 2006, indicating an average annual growth rate of 6.2% p.a. for the decade.
During the period of 2006 to 2016 average (inflation-adjusted) GDP growth came to 0.6% p.a. The economy slowed dramatically during the financial crisis, culminating in a contraction of 6.6% in 2009. While there was a return to growth in 2010 and 2011, there was further decline in 2012 of 1.6%, largely due to Hungary’s financing crisis. The economy has seemingly recovered since, posting positive growth rates of 3.1% and 2% in 2015 and 2016 respectively.
Report Data: 2016