The construction value added in South Africa for 2024 is forecasted to be 4.06. The series, showing steady projected growth, estimates values of 4.07 for 2025, 4.09 for 2026, 4.11 for 2027, and 4.12 for 2028. In 2023, the construction value added stood at 4.03. Year-on-year variations show slight increases:
• 2024: +0.74%
• 2025: +0.25%
• 2026: +0.49%
• 2027: +0.49%
• 2028: +0.24%
The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is projected to be around 0.45%, indicating gradual but consistent growth.
Future trends to watch for include potential impacts of infrastructure development policies, economic stability, and foreign investments in the construction sector, which could influence the trajectory of growth in the medium to long term.
