The production value of buildings construction in Belgium has shown variability over the past decade. The value stood at 30.67 Billion Euros in 2023. From 2013 to 2016, there was a strong upward trend, with a noticeable increase in 2015 and 2016. However, 2017 and 2018 saw declines, followed by another rise from 2019 onwards. The year-on-year variations in 2022 and 2023 highlight a steady growth, with increases of 2.9% and 2.79%, respectively. Over the last five years, the CAGR has been 3.91%. The forecasted CAGR for the next five years (2024-2028) is predicted to be 1.96%, indicating a slower but steady growth, reaching 34.7 Billion Euros by 2028.

Future trends to watch for:

Potential economic shifts affecting the construction sector.
Impact of technological advancements and sustainability initiatives.
Changes in government policies and funding for infrastructure projects.
Possible effects of global supply chain disruptions on construction costs and project timelines.