Key Market Indicators
Serbian Civil Engineering Revenue is projected to reach approximately €12.5 billion by 2028, up from €6.9 billion in 2023. This marks an average annual growth rate of 9.1%. The Serbian market has shown a robust rise, increasing by 30.1% year-on-year since 2019. In 2023, Serbia ranked 12th, with Hungary surpassing it at €6.9 billion. The United Kingdom, France, and Spain occupied the 2nd, 3rd, and 4th positions, respectively. On the production side, Serbian Civil Engineering Production is expected to grow to about €6 billion by 2028 from €4.6 billion in 2023, reflecting an average annual growth rate of 4.3%. Since 2019, the country's output has increased by 9% annually. In 2023, Serbia was ranked 20th, trailing behind Switzerland, which posted €4.6 billion. Germany, France, and Spain held the 2nd, 3rd, and 4th spots in this ranking.
