Forecast: Contribution to GDP of Construction in Belgium

From 2013 to 2023, the construction sector's contribution to Belgium's GDP has shown a gradual but consistent decline, reducing from 5.55% in 2013 to 5.28% in 2023. Specifically, the year-on-year variation from 2022 to 2023 remained stable, with no significant percentage change. The compound annual growth rate (CAGR) over the last five years stands at -0.15%, indicating a slight average annual reduction. Forecasts suggest a continued decrease, with the sector’s contribution projected to fall to 5.23% by 2028, reflecting a 0.76% decline over the forecast period.

Future trends to watch for include:

- Potential impacts of technological advancements and digitalization in construction.- Government policies on infrastructure development.- Sustainability initiatives and green building trends.- Economic conditions impacting investment in the construction sector.