The historical data on road infrastructure capital value in South Korea from 2013 to 2023 reveals a fluctuating trend. From a steady rise between 2013 (EUR 153.36 billion) and 2019 (EUR 206.90 billion), there was a notable dip in 2020, decreasing by 15.12% to EUR 175.62 billion. The capital value rebounded in 2021, reaching EUR 204.54 billion, marking a 16.46% year-on-year increase.
By 2023, the capital stood at EUR 222.5 billion, reflecting a modest 1.63% growth from the previous year. Over the last five years, from 2018 to 2023, the Compound Annual Growth Rate (CAGR) was 1.55%, demonstrating a predominantly stable growth trajectory post-2020 decline.
Future trends indicate an overall positive outlook, with forecasted values continuing to climb, projecting a CAGR of 1.28% over the next five years, resulting in a 6.57% aggregate increase by 2028. Factors to watch include technological advancements in smart infrastructure and government budget allocations impacting capital investments in road infrastructure.
