Forecast: Construction Output in Germany

The construction output in Germany has shown a steady increase over the past decade. For instance, from 2013 to 2023, the value grew from 267.33 billion euros to 477.73 billion euros. The year-on-year variations highlight several significant growth spurts, particularly in 2018 (9.04%), 2020 (8.02%), and 2022 (13.54%). The compound annual growth rate (CAGR) also demonstrated a consistent positive trend, peaking at 7.68% in 2022.

In 2023, the construction output in Germany stood at 477.73 billion euros. Forecasts from 2024 further project continuous growth, with the value expected to reach 643.46 billion euros by 2028. The expected 5-year CAGR is around 4.7%, translating to a forecasted growth rate of 25.79% over the same period.

Future trends to watch for:

• Impact of sustainable building practices and green construction technology.
• Potential economic fluctuations affecting investment levels in infrastructure projects.
• Government policies regarding urban development and housing market regulations.