The commercial industrial gases market in Serbia is estimated to have generated revenues of $112 million in 2015. This is up from $36 million in 2005, indicating an average annual growth rate of 12.1% for the decade.
Between 2005 and 2015 GDP grew by an average of 3.4% p.a., or 1.5% if adjusted for inflation. There have been three periods of recession in the country over the last decade, in 2009, 2012 and 2014. In 2015 the rate of GDP growth stood at 0.7% YoY.
Report Data: 2015
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