The forecast for the non-residential construction productivity growth rate in Australia shows a steady annual increase from 2.75% in 2024 to 2.88% in 2028. Starting from an actual value of 2.70% in 2023, the productivity growth rate is projected to climb by around 0.1% annually. This year-on-year positive trend underscores a gradual but consistent improvement in productivity within this sector. Over the last couple of years, the productivity mirrored this upward trajectory, reflecting resilience and growth capacity.
Future trends to watch for include the impact of technological advancements, such as automation and digital construction tools, on productivity enhancement. Keeping an eye on governmental policies aimed at boosting infrastructure investments and sustainability initiatives will also be crucial for assessing future growth rates.
