Industry revenue of »engineering activities, related technical consultancy« in Belgium 2011-2023

Growing specialized construction and civil engineering activities, new apartment constructions and growing utility projects are a few of the factors that have led to the growth of Belgium’s engineering and related technical consultancy industry. It was valued at 5.3 billion U.S. dollars in 2011 and grew to 7.6 billion U.S. dollars in 2019. Initial projections for the medium term demonstrated an 18 percent growth in revenues. However, the outbreak of the Covid-19 has caused massive disruptions in the industry and an 18 percent growth at this point in time looks rather optimistic.

The Dutch contractor Royal BAM Group, which has over 100 projects underway and 1200 employees in the country, has already shut all its construction sites for an indefinite period. Moreover, industry experts are predicting that one in four Belgian companies are in danger of bankruptcy if operations do not resume in the short term.

Industry revenue of »engineering activities, related technical consultancy« in Belgium from 2011 to 2023

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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Belgium. The industry “engineering activities and related technical consultancy“ has the code “M7112“.

Details on the methodology can be found here.

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