The construction employment in Norway is projected to grow from 240.18 thousand persons in 2024 to 254.58 thousand persons by 2028. Compared to 2023, when the construction employment stood at 236.52 thousand persons, this marks a steady year-on-year increase. The year-on-year growth rates are as follows:
- 2024: 1.55%
- 2025: 1.51%
- 2026: 1.48%
- 2027: 1.45%
- 2028: 1.42%
On a compound annual growth rate (CAGR) basis, the average variation per year from 2024 to 2028 is projected to be around 1.48%.
Future trends to watch for include technological advancements in the construction industry, increasing investments in sustainable and green building projects, and potential labor market fluctuations influenced by economic factors and policies aimed at boosting construction activity.
