Key Market Indicators
Estonian Construction Services Revenue is projected to climb to €1.07 billion by 2028, up from approximately €938 million in 2023. This growth represents a compound annual growth rate (CAGR) of 2.1%. Since 2013, the market has experienced a steady increase of 2.5% per year. In 2023, Estonia ranked 27th globally in construction services revenue, with Serbia slightly ahead at the same €938 million mark. Leading the rankings were France, the United Kingdom, and Italy, occupying the second, third, and fourth positions respectively. Parallelly, Estonian Construction Services Production is expected to grow to €908 million by 2028, from around €793 million in 2023, reflecting an average annual growth rate of 2.2%. Since 2013, the country's production figures have risen by 2.4% annually. In terms of production, Estonia also ranked 27th in 2023, with Serbia once again overtaking at €793 million. The top spots in production were held by France, the United Kingdom, and Italy, maintaining their positions as second, third, and fourth.
