From 2013 to 2023, the production value of building construction in France experienced both ups and downs. The year 2020 saw a significant decline of 22.03%, likely due to the COVID-19 pandemic, but rebounded by 16.18% in 2021 and continued its growth trajectory with a 10.61% increase in 2022. In 2023, the value stood at 106.4 billion euros, reflecting a 7.59% year-on-year increase. Over the past five years, the compound annual growth rate (CAGR) was 5.19%.
The forecast for 2024 to 2028 suggests a steady growth in the production value of buildings construction in France. The estimated average annual growth rate is around 2%, culminating in a 10.41% increase over the five-year period.
Future trends to watch for include:
- Potential impacts of economic policies on housing and infrastructure spending.
- Technological advancements in construction methods and materials.
- Environmental regulations prompting shifts towards sustainable building practices.