The Construction Value Added in Thailand saw varied growth from 2013 to 2023. The value stood at $13.275 billion in 2023. From 2019 to 2023, the year-on-year growth percentages progressively decreased, with the lowest being 1.95% in 2023. The 5-year CAGR leading up to 2023 was 2.13%, reflecting moderate growth.
Post 2024, the forecast data indicates that the Construction Value Added will continue an upward trend, with an estimated CAGR of 1.36% and overall growth of 7.01% over the next five years, reaching $14.473 billion by 2028.
Future trends to watch for include advancements in sustainable construction practices, the impact of government infrastructure investments, and the ongoing urbanization which may provide further growth opportunities in the sector. Anticipate influences from economic policies and global economic conditions impacting foreign investments and raw material costs.
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