In 2023, the production value of construction services in Italy stood at 45.5 billion euros. For 2024, the forecast is 45.03 billion euros, marking a 1% decrease from 2023. The subsequent years show a consistent decline: 44.6 billion euros in 2025, down 0.96% from 2024; 44.17 billion euros in 2026, down 0.97% from 2025; 43.74 billion euros in 2027, down 0.97% from 2026; and 43.31 billion euros in 2028, down 0.98% from 2027. Over a 5-year period, the compound annual growth rate (CAGR) is approximately -0.97%.
Future trends to watch for include:
- Economic policies that may influence construction activity and market stability.
- Technological advancements in construction methods that could impact productivity and costs.
- Environmental regulations and sustainability practices that could alter industry standards and operations.