Forecast: Production Value of Construction Services in Germany

In 2023, the production value of construction services in Germany stands at 121.61 billion euros. Over the last two years, the year-on-year growth rates were 5.49% in 2022 and 5.15% in 2023. Over the past five years, the compound annual growth rate (CAGR) averaged 5.31%. Since 2013, the sector has experienced significant volatility with notable growth spurts and occasional contractions. The period from 2013-2023 saw substantial increases in production value, primarily driven by strong economic conditions and increased construction demand.

As we look towards the future, forecasted data indicates a continued upward trend with a forecast 5-year CAGR of 3.37% from 2024 to 2028. By 2028, the production value is expected to reach 150.52 billion euros, reflecting an overall growth rate of 18.05% over this period. Future trends to watch for include potential impacts of economic cycles, changes in housing and infrastructure policies, advancements in construction technology, and sustainability initiatives which could influence both construction practices and their value outcomes.