The expenditure on road infrastructure in Turkey has seen varied trends over the past decade. Starting at 17.37 billion new Turkish liras in 2013, it rose significantly by 36.38% to reach 20.94 billion in 2014. This upward trajectory continued until 2015, with a noteworthy 34.18% rise. However, there was a decline of 10.04% in 2016, followed by relatively moderate fluctuations with annual increases between 3.86% and 5.02% from 2017 to 2019. The expenditure briefly declined by 13.96% in 2020 before resuming an upward trend from 2021 onwards, with notable increases of 18.43% in 2021 and more moderate growth of 8.72% in 2022.
In 2023, the expenditure stood at 32.71 billion new Turkish liras, showing a year-on-year increase of 3.11%. The compound annual growth rate (CAGR) over the last five years was 3.48%. Forecast data from 2024 to 2028 indicates a steady growth trend, with an expected CAGR of 2.32% and an overall growth rate of 12.16%, reaching 37.78 billion by 2028.
Future trends to watch include the potential impact of economic policies, budget allocations, and infrastructural development programs. Additionally, changes in inflation and exchange rates could significantly affect expenditure forecasts. Monitoring governmental initiatives and partnerships with private sectors will also be crucial for understanding long-term spending trends on road infrastructure in Turkey.
