In 2023, Japan led global road infrastructure spending with 31.68 billion euros, reflecting a moderate annual increase of 2.09%. South Korea (10.27 billion euros) and Italy (8.26 billion euros) followed, displaying annual growth rates of 3.15% and a slight decline of 0.67%, respectively. Other notable contributors include France (7.84 billion euros, +0.81%) and the United Kingdom (7.46 billion euros, +2.0%). Significant year-on-year growth was recorded in countries like the Czech Republic (+13.9%), Azerbaijan (+15.45%), and Albania (+11.23%), suggesting emerging investment in these regions. Developed markets such as Canada and Switzerland saw modest growth rates of 0.6% and 3.87%, respectively, while nations like Bulgaria faced a notable reduction of 6.22%.
Looking ahead, the focus will be on emerging and developing nations, particularly in Eastern Europe and Central Asia, which are anticipated to continue showing significant growth in road infrastructure spending. Conversely, mature markets may experience stable yet slower growth rates. Factors such as technological advancements, sustainability initiatives, and economic policies will play critical roles in shaping future trends in global road infrastructure investment.
Top countries in Road Infrastructure Spending Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 31.68 | 2023 | -0.19% | +2.09% | View data |
| 2 | 2 South Korea | 10.27 | 2023 | +1.85% | +3.15% | View data |
| 3 | 3 Italy | 8.26 | 2023 | +4.95% | -0.67% | View data |
| 4 | 4 France | 7.84 | 2023 | +0.27% | +0.81% | View data |
| 5 | 5 United Kingdom | 7.46 | 2023 | +0.89% | +2% | View data |
| 6 | 6 Canada | 6.62 | 2023 | -1.79% | +0.6% | View data |
| 7 | 7 Switzerland | 4.76 | 2023 | +1.35% | +3.87% | View data |
| 8 | 8 Sweden | 2.59 | 2023 | +3.43% | +3.59% | View data |
| 9 | 9 Poland | 2.48 | 2023 | +4.06% | +5.24% | View data |
| 10 | 10 Mexico | 2.33 | 2023 | +10.83% | +4.09% | View data |
