Based on the given data, the Mining and Quarrying Gross Value Added (GVA) in Germany was at 8.02 Billion Euros in 2023. From 2024 to 2028, the forecasted data shows a consistent increase year-on-year. The year-on-year variations are as follows:
- 2024: 8.41 Billion Euros, an increase of 4.86% from 2023
- 2025: 8.90 Billion Euros, an increase of 5.83% from 2024
- 2026: 9.38 Billion Euros, an increase of 5.39% from 2025
- 2027: 9.86 Billion Euros, an increase of 5.12% from 2026
- 2028: 10.33 Billion Euros, an increase of 4.77% from 2027
The Compound Annual Growth Rate (CAGR) over the forecasted period from 2024 to 2028 is approximately 4.99% per year.
Future trends to watch for include potential changes in global commodity prices, advancements in mining technology, and regulatory shifts within the EU that could impact the efficiency and profitability of the mining and quarrying sector in Germany.
