European Construction Output by Country

In 2023, France leads European construction output with 373.03 billion euros, exhibiting a moderate year-on-year growth of 4.6%. Italy follows with 283.34 billion euros, reflecting a stronger growth rate of 8.58%. The Netherlands also shows robust performance at 154.25 billion euros with a 7.3% increase. Countries like Slovenia and Malta experience significant growth rates of 12.98% and 10.55%, respectively, despite having smaller market sizes. Conversely, Latvia, while maintaining a smaller market, has an almost stagnant growth of 0.27%. Over the last five years, the sector has generally shown positive trends, with most countries enjoying consistent annual growth.

Looking ahead, certain trends are likely to shape the European construction landscape. Expanding green and sustainable building practices may drive new investments. Economic policies, inflation rates, and urbanization will also play pivotal roles in determining future growth. Southern European countries, previously lagging, may witness renewed momentum, balancing the regional output disparity. Digitalization and technological advancements are expected to enhance efficiency and project delivery across the spectrum.