Between 2013 and 2023, Finland's construction output demonstrated a fluctuating yet overall upward trend, standing at 46.37 billion Euros in 2023. Initially showing a decline, the sector picked up momentum from 2015 onwards, with notable growth peaks in 2016, 2017, and 2022. The year-on-year growth in 2023 was moderate at 1.23%, with a 3.69% CAGR over the last five years, indicating a steady expansion phase.
Looking to the future, the forecasted data from 2024 to 2028 suggests a continued but slower growth trajectory, with an average annual growth rate of 0.94% and a cumulative growth rate of 4.79%.
Key future trends to watch for include:
- Sustainable construction practices and increasing use of eco-friendly materials.
- Technological advancements in construction techniques and project management.
- Government policies and investments in infrastructure development.
- Potential economic volatility impacting construction investment and demand.
