The production value of construction services in Norway stood at 11.16 billion Euros in 2024, based on forecasted data. This figure is expected to increase steadily over the next five years, reaching 11.73 billion Euros by 2028. The year-on-year growth from 2024 to 2025 shows an increase of 1.25%, and the same rate is observed from 2025 to 2026. The growth rate from 2026 to 2027 is 1.22%, and from 2027 to 2028, it is approximately 1.21%. The compound annual growth rate (CAGR) for the 5-year period from 2024 to 2028 is 1.23% per year.
Future trends to watch for include potential innovations in construction technology, shifts in urbanization policies, the impact of environmental regulations, and fluctuations in investment levels in both public and private sectors. Monitoring these factors will provide further insights into the stability and growth potential of the Norwegian construction services market.
