Key Market Indicators
Latvian Construction Services Revenue is projected to reach €512 million by 2028, down slightly from €513 million in 2023, with a flat year-on-year compound annual growth rate (CAGR). Since 2013, the Latvian market has seen a 2% annual decline. In 2023, Latvia was ranked 31st, with Cyprus surpassing it by a narrow margin. France, the United Kingdom, and Italy held the second, third, and fourth positions, respectively, in the same ranking. Latvian Construction Services Production is expected to decline to €500 million by 2028 from €510 million in 2023, marking a modest 0.3% annual decrease in CAGR. Latvian supply has also been on a downward trajectory, decreasing by 2% annually since 2013. In 2023, Latvia was ranked 29th, with Bulgaria surpassing it. France, the United Kingdom, and Italy again occupied the second, third, and fourth spots in this category.
