Key Market Indicators
**Irish Transportation Expenditure Projected to Hit €14.6 Billion by 2028** Ireland's transportation expenditure is forecasted to climb to approximately €14.6 billion by 2028, marking an increase from €12.8 billion in 2023. This growth represents an annual compound growth rate (CAGR) of 2% year over year. Since 2000, Irish demand for transportation has been on a steady rise, increasing by an average of 1.1% annually. In the global ranking for 2023, Ireland stood at 18th place, with Finland marginally ahead at the same expenditure level of €12.8 billion. Leading the list were the United Kingdom, France, and Italy, holding the second, third, and fourth positions, respectively. **Irish Transportation Revenue to Reach €7.6 Billion by 2028** On the revenue front, Ireland's transportation sector is set to achieve €7.6 billion by 2028, up from €7.1 billion in 2023. This translates to an average yearly growth rate of 1.1%. Since the turn of the millennium, Ireland's transportation market has demonstrated a robust average annual growth rate of 2.8%. In 2023, Ireland ranked 11th globally, with Portugal edging ahead at the same revenue figure of €7.1 billion. France, Italy, and Spain occupied the second, third, and fourth positions in this ranking, respectively.
