Sweden's construction output is forecasted to rise steadily from 872.26 billion SEK in 2024 to 1,005.7 billion SEK in 2028. This shows a consistent year-on-year increase in value, with a growth percentage around 4% per annum. For reference, the construction output stood at 838.86 billion SEK in 2023, indicating a solid foundation for this upward trend.
Key variations over the past two years reflect a growth trend:
- 2024-2025: 3.88%
- 2025-2026: 3.70%
- 2026-2027: 3.53%
- 2027-2028: 3.38%
The compound annual growth rate (CAGR) for the period from 2024 to 2028 is about 3.90%, demonstrating a moderate but steady increase over five years.
Future Trends to Watch for:
- Increased investment in sustainable and green construction projects driven by environmental policies.
- Technological advancements such as automation and Building Information Modeling (BIM).
- Fluctuations in material costs and their impact on project budgets.
- Government infrastructure initiatives and housing projects.
- Potential impacts of economic conditions and labor market dynamics.
