Based on the given forecast data, household expenditure on water supply and dwelling services in Belgium is expected to increase from 3.83 billion euros in 2024 to 4.20 billion euros in 2028.
- 2024 to 2025: (3.92 - 3.83) / 3.83 * 100% = 2.35%
- 2025 to 2026: (4.02 - 3.92) / 3.92 * 100% = 2.55%
- 2026 to 2027: (4.11 - 4.02) / 4.02 * 100% = 2.24%
- 2027 to 2028: (4.20 - 4.11) / 4.11 * 100% = 2.19%
The Compound Annual Growth Rate (CAGR) is approximately [(4.20 / 3.83)^(1/4) - 1]*100% ≈ 2.33%.
Future trends to watch for include potential regulatory changes affecting water supply pricing, increased investment in sustainable dwelling solutions, and technological advancements in water conservation. Moreover, economic shifts and evolving consumer preferences towards eco-friendly options could impact expenditures in this sector.
