Investment in Belgian rail infrastructure has experienced a varied trend over the past decade. Starting from a high in 2013, there was a notable decline into 2017 with consistent year-on-year decreases. Rebound started in 2018 with fluctuating yet overall positive recovery through to 2023, which stood at 93.33 USD per inhabitant. The Compound Annual Growth Rate (CAGR) over the last five years from 2018 to 2023 was 1.83%, reflecting a modest recovery trend.

Forecasts from 2024 onwards indicate a very slight annual increase, with a forecasted CAGR of 0.02% over the next five years. This points to a period of relative stability in investment levels through to 2028.

Future trends to watch for:

Impact of emerging technologies and automation on rail infrastructure needs
Policy changes or government initiatives aimed at boosting green transport solutions
Economic fluctuations and their impact on public investment budgets