Between 2009 and 2019 GDP grew by an average of 5.5% for the decade. There have been no periods of decline in the country over the last decade, with only a small dip in growth during the recession. In 2019 the rate of GDP growth stood at 2.6%.

Industrial production, as measured by the Industrial Production Index, has averaged an annual growth rate of 0.3% p.a, for the decade (2009-2019). In 2019, the rate of IPI was 0.2%, following periods of decline since 2009.

Within the 2019-2024 timeframe, accordingly, our forecast models predict growth from 7.9% p.a. in a low scenario to 8.9% p.a. in a high scenario. This should see the industry in Serbia achieve revenues of between $152m to $159m by 2024.

Published: 2020
Report Data: 2019

Each report contains a 10-year history and 5-year forecast of the respective gas markets.

  • Industrial gas supply structure
  • Companies operating within each country
  • Market structure in terms of demand for gases
  • Macro-economic influences and drivers
  • Future market forecasts
  • Investment potential

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