The construction value added in Niger stood at $287.34 Million in 2023. Over the past two years, the construction sector has experienced a year-on-year growth rate of 2.76% in 2023 and 2.9% in 2022. The Compound Annual Growth Rate (CAGR) for the last 5 years stands at 3.06%, indicating moderate but consistent growth in the construction industry. This growth has shown a gradual slowdown compared to earlier periods where higher year-on-year variations were observed.
Looking ahead, the forecasts indicate a continuous, though modest, growth with a forecasted 5-year CAGR of 1.88% and an overall 5-year growth rate of 9.75% by 2028.
Future trends to watch for:
- Urbanization initiatives driving demand for new constructions
- Government infrastructure projects and foreign investments
- Innovations in construction technology improving efficiency
