Following last month’s focus on Spain, gasworld Business Intelligence examines the dynamics of the Portuguese industrial gas market.
The commercial industrial gas market in Portugal is estimated to have generated revenues of around $350m in 2014. This is up from around $235m in 2004, indicating an average annual growth rate of 4.2% for the decade.
Portugal’s economy has struggled in recent years, as the Eurozone crisis hit the country (and continent) hard. As one of the so-called “GIPSI” economies (Greece, Ireland, Portugal, Spain and Italy), it has been characterised by high employment, high debt and low growth over the last few years. The economy saw negative growth between 2011-2013, but has since begun to recover, and grew by 1% in 2014.
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