The latest data on the European Turnover of Building Completion and Finishing by Country, expressed in billion euros for 2023, indicates varied performance: Germany leads with 65.38B Euros, followed by France and the UK at 48.45B and 39.47B respectively. Amongst the smaller markets, Lithuania, Latvia, and Macedonia registered values under 1B Euros.
Year-on-year analysis compared to 2022 shows significant growth in countries like Poland (8.01%), Romania (13.72%), Hungary (12.35%), and the Netherlands (7.03%). Germany observed a solid increase of 5.88%, whereas France and Italy experienced declines of -0.93% and -3.0%, respectively. Notably, Ireland and Latvia saw sharp decreases of -12.24% and -12.67%, while Greece showed a -5.8% reduction.
Looking to the future, market trends indicate a continued recovery and potential growth in Eastern Europe, driven by substantial investments and economic development. Western European markets are expected to stabilize with moderate growth, supported by advancements in green building technologies and renovation initiatives driven by environmental policies.
Top countries in Turnover of Building Completion and Finishing by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 65,380 | 2023 | +4.77% | +5.88% | View data |
| 2 | 2 France | 48,450 | 2023 | -0.31% | -0.93% | View data |
| 3 | 3 United Kingdom | 39,470 | 2023 | +1.4% | +1.25% | View data |
| 4 | 4 Italy | 24,250 | 2023 | -3.21% | -3% | View data |
| 5 | 5 Netherlands | 14,870 | 2023 | +6.01% | +7.03% | View data |
| 6 | 6 Sweden | 11,790 | 2023 | +3.89% | +4.61% | View data |
| 7 | 7 Belgium | 11,550 | 2023 | +2.51% | +2.26% | View data |
| 8 | 8 Switzerland | 9,810 | 2023 | +2.33% | +5.92% | View data |
| 9 | 9 Denmark | 8,980 | 2023 | +1.45% | +2.7% | View data |
| 10 | 10 Poland | 8,850 | 2023 | +6.06% | +8.01% | View data |
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