The construction output in Germany stood at 480.15 billion Euros in 2023. Forecasted data shows a steady increase from 2024 to 2028, with values of 510.41, 542.99, 575.25, 607.19, and 638.81 billion Euros respectively. The year-on-year growth rates are as follows:
- 2024: 6.3%
- 2025: 6.4%
- 2026: 5.9%
- 2027: 5.6%
- 2028: 5.2%
The Compound Annual Growth Rate (CAGR) over the five years is 5.86%.
Future trends to watch for:
- Potential impacts of economic policies and fiscal stimulus on construction demand.
- Influence of technological advancements and sustainability practices on construction efficiency and cost.
- Fluctuations in labor and material costs affecting overall output growth.
