Forecast: Production in Construction of Roads and Railways Sector in Finland

The production value in the construction of roads and railways sector in Finland showed significant fluctuations over the past decade. Starting at 2.29 billion Euros in 2013, the value saw a general downward trend up to 2019 before experiencing a notable upsurge in 2020. By 2023, the value stood at 2.26 billion Euros.

Recent year-on-year variations reflect a steady recovery, with a 0.41% increase in 2022 and a 0.40% increase in 2023. The CAGR over the past five years (2019-2023) has been 4.39%. Forecasts suggest a gradual growth, with the value expected to reach 2.3 billion Euros by 2028, indicating a moderate 0.31% average annual growth rate over the next five years.

Future trends to watch for:

  • Technological advancements in construction materials and processes.
  • Government infrastructure investments and policies.
  • Potential economic fluctuations impacting budget allocations.
  • Environmental considerations and sustainable construction practices.

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