The commercial industrial gases market in Singapore is estimated to have generated revenues of $756 million in 2015. This is up from $356 million in 2005, indicating an average annual growth rate of 8.5% for the decade.
Between 2005 and 2015 GDP grew by an average of 8.7% p.a., or 6.4% p.a. when adjusted for inflation. One slight concern is that export demand since the global financial crisis of 2008-9 has remained somewhat sluggish. In 2015 there was a decline in the economy for 2015, with a decline of -4.5%.
Report Data: 2015