The commercial industrial gases market in Turkey is estimated to have generated revenues of $275 million in 2016. This is an increase from $110 million in 2006, indicating an average annual growth rate of 9.9% p.a.
During the period of 2006-2016 GDP in Turkey experienced a growth rate of 4.5% p.a., or 4.4% p.a. when adjusted for inflation. The economy did dip into recession during the financial crisis, with a decline of -4.7% in 2009. However this was followed by an immediate recovery, with a rate of GDP growth of 2.9% in 2016.
Report Data: 2016