• Forecast: Industry revenue of »engineering activities, related technical consultancy« in Croatia 2011-2023

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The Croatian construction market hasn’t really recovered since the economic crisis in 2008. Building construction projects as well as civil engineering and infrastructural projects such as the construction of rail, road and utility projects are witnessing a decline ever since. This has not augured well for the engineering activities and related technical consultancy sector, as demand for related services such as building inspection, surveying and mapping has declined. As a result, revenues have fallen from 1.1 billion U.S. dollars in 2011 to 784 million U.S. dollars in 2019. As of 2017, the total number of employees in the overall construction sector amounted to 93,800, compared to over 120,300 in 2010.

The short to medium term does not auger too well for the sector either, as the outbreak of the corona virus pandemic has stalled majority of the industry operations for an indefinite period of time. Experts predict that it may take several years for the sector to rebuild.

Industry revenue of »engineering activities, related technical consultancy« in Croatia from 2011 to 2023 (in million U.S. Dollars)

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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 Croatia. The industry “engineering activities and related technical consultancy“ has the code “M7112“.

Details on the methodology can be found here.

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