In 2023, the production value of buildings construction in Finland stood at 21.44 billion euros. Over the past decade, the industry experienced a general upward trend with notable variations. From 2013 to 2017, the sector saw impressive growth, highlighted by a significant 20.06% year-on-year increase in 2017. However, the growth stabilized, with occasional fluctuations as seen in the -2.5% dip in 2020. The year-on-year growth rates for 2022 and 2023 were 2.78% and 2.66%, respectively, indicating a moderate and consistent rise. The CAGR from 2018 to 2023 was 1.79%, reflecting a more tempered growth pace.
Looking ahead, forecasted data anticipates continued growth, with the production value projected to reach 24.09 billion euros by 2028. The forecasted 5-year CAGR stands at 1.84%, and the forecasted 5-year growth rate is 9.54%, signaling a steady yet modest upward trajectory.
Future trends to watch for include potential impacts of economic fluctuations, sustainability initiatives, and technological advancements in construction processes which might influence production values positively or negatively.
