Between 2008 and 2018 GDP grew by an average of 1.3% for the decade. There have been three periods of recession in the country over the last decade, in 2009, 2012 and 2014. In 2018 the rate of GDP growth stood at 3.5%.

Industrial production, as measured by the Industrial Production Index, has averaged an annual growth rate of 0.2% p.a, for the decade (2008-2018). In 2018, the rate of IPI was -0.8%, following periods of decline since 2009.

Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 3.5% p.a. in a low scenario to 7.5% p.a. in a high scenario. Accordingly, the industry in Serbia is expected to achieve revenues of between $148m to $182m by 2023.

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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