The Building Completion and Finishing sector in Finland exhibited a moderate yet consistent growth from 2013 to 2023, reaching 1.55 Billion Euros in 2023. The sector's turnover showed a stable increment, with a notable year-on-year growth in 2016 at 6.3%, reflecting peaks in construction activities. However, a slight decline of -2.17% in 2020 was observed, likely due to the global pandemic's impact.
Over the last two years, the sector experienced a steady increase with year-on-year variations of 0.7% in 2022 and 0.69% in 2023. The average annual growth rate (CAGR) over the last five years remained modest at 0.54%.
Looking ahead, the forecast data predicts continued gradual growth in the sector, anticipating a turnover of 1.6 Billion Euros by 2028, with a forecasted CAGR of 0.53% and a five-year growth rate of 2.66%.
Future trends to watch for:
- Technological advancements in construction techniques and materials.
- Increasing demand for sustainable and energy-efficient building practices.
- Potential impacts of regulatory changes on construction standards.
- Economic fluctuations and their effects on construction investment and activities.
