Key Market Indicators
The Macedonian civil engineering sector is projected to see its revenue grow to approximately €552 million by 2028, up from around €523 million in 2023. This represents an average annual growth rate of 0.8%. Since 2016, the market has expanded at an average yearly rate of 4.3%. In 2023, Macedonia was ranked 31st globally, with Luxembourg surpassing it in the rankings at €523 million. The United Kingdom, France, and Spain held the second, third, and fourth positions, respectively. Macedonian civil engineering production is also expected to rise, reaching about €510 million by 2028 from €487 million in 2023, with an annual growth rate of 0.7%. Since 2016, the supply side has seen an average yearly increase of 3.9%. As of 2023, Macedonia was again ranked 31st in production, with Luxembourg ahead at €487 million. Germany, France, and Spain occupied the second, third, and fourth spots in the rankings.
