Between 2008 and 2018 GDP grew by an average of 4% if adjusted for inflation. An advanced economy with a high standard of living, Austria’s economy is closely interwoven with a number of other EU economies, including the continent’s main economic powerhouse, Germany.
The commercial industrial gas market in Austria is estimated to have generated revenues of $420m in 2018. This is up from around $291m in 2008, indicating a compound annual growth rate of 3.7% for the decade.
Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 2.9% p.a. in a low scenario to 6.0% p.a. in a high scenario. Accordingly, the industry in Austria is expected to achieve revenues of between $484m to $553m by 2023.
Published: 2020
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