The wages and salaries in the construction of bridges and tunnels in Denmark have demonstrated a strong upward trend from 2013 to 2023, reaching 26.4 million euros in 2023. The growth has been particularly significant since 2017, which saw a substantial year-on-year increase of 46.46%. In the subsequent years, the growth rates stabilized with single-digit increases, registering 6.9% in 2022 and 6.45% in 2023. The last five years exhibit a CAGR of 4.39%, reflecting consistent year-over-year growth.
Forecasts for 2024 to 2028 predict continued growth, with the wages and salaries expected to reach 34.1 million euros by 2028. The forecasted 5-year CAGR is 4.1%, resulting in a total growth rate of 22.22% over this period.
Future trends to watch for include potential impacts of inflationary pressures, changes in government infrastructure spending, and advancements in construction technology which might influence labor costs. Furthermore, fluctuations in the broader economic environment could affect wage growth in this sector.
