The forecast for wages and salaries in the construction of residential and non-residential buildings in Germany shows a steady increase from 13.62 billion euros in 2024 to 15.77 billion euros in 2028. This represents a continual annual growth rate, with year-on-year increments of about 4% from 2024 to 2025 and similarly for subsequent years. Prior to this period, in 2023, the actual data stood at 13.06 billion euros.
From 2023 to 2028, the compound annual growth rate (CAGR) is approximately 4.07%. This trend suggests a stable growth trajectory, consistent with a recovering economy and increased demand for construction services.
Future trends to watch for include potential impacts from technological advancements in construction practices, which could affect labor demand. Regulatory changes and sustainability initiatives might also influence cost structures and salary levels in the sector. Monitoring these dynamics will be essential for anticipating further wage growth patterns.
