The road infrastructure expenditure in Sweden stood at 38.98 Billion Swedish Kronas in 2023. Over the past decade, there has been a general upward trend with occasional fluctuations. From 2013 to 2023, the expenditure saw significant increases, particularly in 2015, 2017, and 2021. In contrast, a notable decline occurred in 2020.
Year-on-year variations have shown both promising growth and declines:- From 2013 to 2014, the expenditure dropped by -0.84%.- A sharp growth in 2015 by 8.64% was followed by consistent positive growth until 2020.- The most significant decline of -15.08% occurred in 2020.- The following years showed strong recovery, with 2021 witnessing a 17% increase and a steady rise into 2023.
The Compound Annual Growth Rate (CAGR) illustrates the average annual growth pace:- Between 2013 and 2019, CAGR peaked at 6.4%.- The five-year CAGR declined to 1.76% from 2018 to 2023.
Looking ahead, the expenditure is forecasted to grow steadily, reaching 42.94 Billion Swedish Kronas by 2028. The future 5-year CAGR is projected at 1.58%, indicating a steady but moderate increase in investment.
Future Trends to Watch for:
Drivers of future growth might include increased government focus on sustainable and smart infrastructure, potential impacts from economic policies, and responses to emerging technological advancements in transport. The emphasis on green and eco-friendly road projects could also shape the expenditure trends in upcoming years.