Forecast: Construction Output in Belgium

The construction output in Belgium is projected to expand every year from 2024 to 2028. In 2023, the output stood at a certain value which is not explicitly provided in the dataset. However, looking at the forecasted values, there is a consistent increase, showcasing a positive growth trajectory.

Specifically, the year-on-year growth rate from 2024 to 2025 is 3.37%, from 2025 to 2026 is 3.23%, from 2026 to 2027 is 3.10%, and from 2027 to 2028 is 2.98%. Over the last two years, the average variation was seen as 3.09%, and the CAGR from 2024 to 2028 is 3.17%.

Future trends to watch for in the Belgium construction sector include:

• Technological advancements and increased use of sustainable materials and methods.
• Potential changes in government infrastructure policies and funding.
• Economic fluctuations that could impact investment and growth in the sector.