Year-on-Year Variations:
- 2024: 1.89%
- 2025: 1.82% (-3.7%)
- 2026: 1.76% (-3.3%)
- 2027: 1.72% (-2.3%)
- 2028: 1.68% (-2.3%)
Compound Annual Growth Rate (CAGR): -3.0%
The forecasted trend indicates a gradual decline in the non-residential construction productivity growth rate in South Korea over the next five years. This decreasing trend highlights potential challenges in the sector, including labor shortages and the need for technological advancements. Future trends to watch closely include the adoption of advanced construction technologies, government policies on infrastructure investments, and innovation in construction methodologies which could potentially stabilize or reverse this downward trajectory.
