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

Although many sectors including food retail and manufacturing to name a few, are witnessing a decline in Greece, owing to the unstable economic conditions, the engineering activities and related technical consultancy market has exhibited steady growth since 2016. Revenues are projected to grow from 2.2 billion U.S. dollars in 2016 to over 2.7 billion U.S. dollars by 2023. This can be attributed to the growth in the country’s civil engineering projects such as the construction of outdoor sport facilities, utility infrastructure etc. As of 2016, there were over 6,000 enterprises in the civil engineering industry.

However, the recent corona virus outbreak is expected to impact industry revenues in the short to medium term, as majority of the operations have been stalled for an indefinite period of time. In fact, the situation is similar in most of the European countries, with the construction and hospitality sectors bearing the major brunt of the virus.

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

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Sources

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

Details on the methodology can be found here.

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