Key Market Indicators
Estonia's transportation expenditure is projected to rise to approximately €2.5 billion by 2028, up from €2.1 billion in 2023. This marks an annual growth rate of 2.6%. Since the turn of the millennium, the demand in Estonia has increased at an average annual rate of 6.5%. In 2023, Estonia ranked 30th in transportation expenditure, with Cyprus slightly ahead at €2.1 billion. The United Kingdom, France, and Italy held the top three spots in this category. Meanwhile, Estonia's transportation revenue is expected to climb to about €2.1 billion by 2028, compared to €1.9 billion in 2023. This reflects an average annual growth rate of 1.7%. Since 2000, the market has grown by an average of 2.2% per year. In 2023, Estonia ranked 17th in transportation revenue, with Latvia leading at €1.9 billion. France, Italy, and Spain occupied the second, third, and fourth positions, respectively.
