The commercial industrial gas market in Lithuania is estimated to have generated revenues of $19 million in 2015. This is up from around $12 million in 2005, indicating an average annual growth rate of 5.3% for the decade.
Between 2005 and 2015 GDP grew by an average of 4.8% p.a. when adjusted for inflation. The Baltic nations were amongst some of the worst hit countries in terms of the global financial crisis. In 2009 GDP fell by almost 15%, but recovery was quick and GDP growth has been positive since. A number of successful governmental policies has attracted major foreign investment and this has been a key driver for the recovering economy.
Report Data: 2015
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