The construction output in South Africa is forecasted to decline gradually from 2024 to 2028, starting at 4.4979 billion ZAR in 2024 and dropping to 4.4622 billion ZAR by 2028. The year-on-year variation shows a steady decrease; from 2024 to 2025, the decline is approximately 0.20% and continues in that range yearly. The compounded annual growth rate (CAGR) over the forecast period highlights an average yearly decrease of about 0.20%. Notably, in 2023, the construction output was recorded at 4.5067 billion ZAR, indicating a downward trend in the sector from that period onward.
Future trends to watch for include potential government infrastructure investments, changes in regulatory frameworks, fluctuations in commodity prices, and broader economic conditions that could influence the construction market. Monitoring these factors will be critical to understanding and anticipating shifts in the construction output trajectory in South Africa.
