The civil engineering output in Australia has shown a significant decline since 2013, decreasing from 104.92 billion AUD to 72.08 billion AUD in 2023. Although there was minor recovery in 2017 and 2020, the overall trend has been downward, with a year-on-year variation ranging from a peak decline of -20.85% in 2015 to a modest increase of 15.42% in 2017. Over the last two years, the output has dropped by about 1.16% per year, while the five-year CAGR from 2018 to 2023 shows an average annual decline of approximately -0.43%.
Future forecasts suggest continued contraction, with the output projected to decrease steadily to 67.99 billion AUD by 2028. This reflects a forecasted five-year CAGR of -0.93% and an overall five-year growth rate decline of -4.57%.
Future trends to watch for:
- Policy changes affecting infrastructure investment
- Impacts of technological advancements on civil engineering efficiencies
- Shifts in demand due to urbanization and population growth
- Economic factors influencing government spending on public works