Key Market Indicators
Maltese construction services production is projected to reach €338 million by 2028, up from €307 million in 2023, marking an average annual growth rate of 1.5%. This growth continues a trend seen since 2015, where Maltese supply increased by an average of 4.2% each year. In 2023, Malta ranked 32nd in construction services production, with Iceland surpassing it at €307 million. Leading the rankings were France, the United Kingdom, and Italy, occupying the second, third, and fourth spots respectively. Similarly, Maltese construction services revenue is expected to hit €343 million by 2028, up from €309 million in 2023, growing at an average annual rate of 1.7%. Like production, the revenue growth has been steady at 4.2% per year since 2015. In terms of revenue, Malta also ranked 32nd in 2023, with Latvia moving ahead at €309 million. France, the United Kingdom, and Italy again held the second, third, and fourth positions in the revenue rankings.
