Within the 2018-2023 timeframe, our forecast models predict growth from 6.1% p.a. in a low scenario to 8.1% p.a. in a high scenario. Accordingly, the industry in Slovakia is expected to achieve revenues of between $169m to $186m by 2023.
The commercial industrial gas market in Slovakia is estimated to have generated revenues of $126 million in 2018. This is up from $97 million in 2008, indicating an average annual growth rate of 2.8% for the decade.
Between 2008-2018, GDP in Slovakia grew by an average of 4.6% when adjusted for inflation. This period of expansion was briefly interrupted in 2009, when GDP contracted by 3.0% due to the global financial crisis. Since the recession, Slovakia witnessed to one of the strongest and most stable recoveries in the euro area.
Published: 2020
Report Data: 2019
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