Investment in inland transport infrastructure in Australia exhibited significant volatility between 2013 and 2017, starting at USD 881.93 per inhabitant in 2013, dropping to USD 617.25 in 2016, and then rising to USD 681.41 in 2017. From 2018 onwards, there was a consistent upward trend, reaching USD 852.97 in 2023. This represents a 1.43% year-on-year increase from 2022 and a minimal 0.39% CAGR over the last five years.
Looking forward, the forecast from 2024 to 2028 suggests a steady annual increase in investment. The five-year forecast indicates an average annual growth rate (CAGR) of 1.05%, with a total growth rate of 5.39% by 2028.
Future trends to watch for include:
- Technological advancements in transportation infrastructure.
- Government policy changes and funding initiatives.
- Influx of investments aimed at sustainable and green transport solutions.
- Economic factors influencing overall budget allocations to transport infrastructure.