Between 2013 and 2023, Canada's road infrastructure spending fluctuated significantly, with initial peak spending in 2013 at 17.029 billion Euros, dropping sharply in 2014, and reaching its lowest in 2020. The year-on-year variations highlight the volatility in funding, with major declines and occasional growth periods. Particularly, the influence of economic policies and global economic conditions can be inferred from these trends.
In 2023, road infrastructure spending stood at 10.771 billion Euros, a slight decrease from the previous year. The compound annual growth rate (CAGR) for the last five years was 0.6%, indicating a stagnation phase.
Looking towards the future, forecasts predict a consistent decline in spending with a forecasted 5-year CAGR of -1.58%, reaching 9.7128 billion Euros by 2028. Observing long-term trends, Canada seems to be moderating its road infrastructure investments.
Future trends to watch for include potential shifts in government policy toward infrastructure investment, the adoption of sustainable and smart road technologies, and economic factors that could either spur or limit funding. Changes in political leadership and prioritization of green infrastructure initiatives could markedly influence spending patterns.
