Forecast: Production Value of Construction Services in Finland

From 2013 to 2023, Finland's construction services industry showed a steady upward trend with notable year-on-year variations. The production value increased from 6.02 billion euros in 2013 to 8.47 billion euros in 2023. Between 2018 and 2023, the compound annual growth rate (CAGR) hovered around 2.89%. A significant rise was observed in 2016 with a 9.6% increase, while 2020 saw a slight dip of -0.72%. The most recent years indicated a growth stabilization with improvements of 2.95% in 2022 and 2.84% in 2023.

Looking ahead into the forecast period from 2024 to 2028, the construction services market in Finland is anticipated to continue growing, reaching an estimated 9.61 billion euros by 2028. The 5-year forecast CAGR is expected to be 2%, indicating a moderate yet consistent expansion, culminating in an overall growth of 10.39% over the forecast period.

Future trends to watch for include the adoption of sustainable construction practices, increasing investments in infrastructure, and advancements in construction technology. Monitoring these areas will be crucial for stakeholders aiming to tap into emerging opportunities and mitigate potential risks in the Finnish construction services sector.