The commercial industrial gas market in Macedonia produced $55 million in revenues in 2015. This was up from $21 million in 2005, indicating an average annual growth rate of 10% p.a.
Over the past decade, GDP in Macedonia has grown by an average of 6.5% p.a. when adjusted for inflation. The economy has entered into recession twice over the same timeframe, once in 2009 and again in 2012. However, these declines were minor and the economy has since recovered, posting a growth rate of 3.7% in 2015.
Report Data: 2015
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