Key Market Indicators
Cypriot Construction Services Revenue is projected to decline to €487 million by 2028, down from €516 million in 2023. This marks an average annual decrease of 0.8%. Since 2013, the Cypriot market has shown modest growth, with an average annual increase of 0.9%. In 2023, Cyprus ranked 30th globally in construction services revenue, with Iceland surpassing it at €516 million. The top three countries in this sector were France, the United Kingdom, and Italy, respectively. Similarly, Cypriot Construction Services Production is expected to fall to €476 million by 2028, from €507 million in 2023, representing an annual decline of 0.9%. Since 2013, the production supply in Cyprus has seen a yearly growth of 0.8%. In the same year, Cyprus also ranked 30th in production, with Latvia overtaking it at €507 million. France, the United Kingdom, and Italy maintained their positions as the second, third, and fourth largest producers, respectively.
Cyprus Construction Services Market Data and Forecasts
How much will Cyprus Construction Services Market grow to 2028?
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