The road infrastructure investment in Canada has seen significant fluctuations over the past decade. The highest investment was recorded in 2013, after which there was a sharp decline in 2014. From 2015 onwards, the values have experienced moderate rises and falls without any significant upward momentum. By 2023, the investment value stood at approximately USD 179.92 per inhabitant, marking a nearly 4% decline from the previous year. The five-year CAGR from 2019 to 2023 shows an average annual decrease of about 1.84%.
Moving forward, the forecast indicates a continued decline in investment, averaging a 3.81% decrease annually over the next five years. By 2028, the investment value is expected to drop by roughly 17.66% compared to 2023. Road infrastructure spending per inhabitant is projected to reach USD 140.92 by 2028, which could signal constraints in budget allocation or shifting priorities in infrastructure planning.
Future trends to watch for involve potential shifts in government policy towards increased focus on sustainable and smart infrastructure investments. Monitoring budget allocations and infrastructure stimulus packages, particularly in response to economic changes, will be essential in predicting future investment patterns.
