The construction output in Germany has shown a growth trend from 2013 to 2023, with values rising from 5.1 in 2013 to 6.1 in 2023. Significant increases were observed in 2018 and 2020, with year-on-year growth rates of 5.77% and 10.71%, respectively. However, there were fluctuations, such as a 4.84% decrease in 2021. For the past two years, growth stabilized with a 1.69% increase in 2022 and a 1.67% rise in 2023. Over the last five years, the CAGR reflected a 2.09% average growth per year. Moving forward, forecasts predict a modest CAGR of 0.33% over the next five years, with the construction output anticipated to reach 6.2 by 2028.
Future trends to watch for include:
- Impact of economic policies and housing demands on construction activities.
- Adoption of sustainable and green building practices.
- Technological advancements in construction technologies.
- Potential economic fluctuations affecting investment in construction projects.
