Key Market Indicators
Norwegian transportation expenditure is projected to climb to approximately €26 billion by 2028, up from around €25 billion in 2023. This represents a compound annual growth rate (CAGR) of 0.7%. Since 1980, Norway's demand for transportation funding has increased at an average rate of 2.5% annually. In 2023, Norway was ranked 11th in transportation expenditure among European countries. Belgium narrowly surpassed Norway with an expenditure of €25 billion, placing it in the 10th spot. The United Kingdom, France, and Italy occupied the top three positions in this ranking, respectively.
