In Finland, road passenger transport movements have seen fluctuations over the years. The value, expressed in Billion Passenger Kilometers, stood at 71.47 in 2023. Looking at recent year-on-year variations: a slight decrease of 1.83% in 2021, followed by a 2.13% increase in 2022, and a modest growth of 0.54% in 2023. The compound annual growth rate (CAGR) over the last five years has shown an average decline of -0.91%.
Forecasts for 2024 and beyond project a steady growth, with a CAGR of 0.41% from 2023 to 2028, indicating a gradual recovery and stabilization in road passenger transport. This suggests a forecasted growth rate of 2.07% over the five-year period.
Future Trends to Watch:
- Impact of economic policies on public transport usage.
- Technological advancements in transportation.
- Adoption of sustainable and environmentally friendly transport options.
- Changing consumer behavior patterns post-pandemic.
