The output of environmental services in Belgium has shown steady growth from 2014 to 2023, starting at 3.37 billion Euros in 2014 and reaching 4.68 billion Euros in 2023. The year-on-year variation peaked in 2015 (8.25%) and 2017 (6.58%), with a notable dip in 2020 (-3.44%) likely due to global disruptions. The most recent data reveals a moderate growth rate of 2.47% in 2023. Over the last five years, the compound annual growth rate (CAGR) stands at 2.62%, reflecting consistent expansion despite fluctuations. For the forecasting period from 2024 to 2028, the output is expected to grow steadily with a five-year CAGR of 1.76%, amounting to a total growth rate of 9.09% by 2028.
Future trends to watch for include:
- Increasing investment in green technologies and sustainable practices.
- Enhanced regulatory frameworks aiming to boost environmental service output.
- Potential economic or policy disruptions impacting growth rates.
