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

Over the years, building construction and specialised construction activities have witnessed a decline in Romania, owing to the low public and private sector investments in construction projects and weak consumer and business confidence. Additionally, civil engineering activities such as construction of road & rail and utility projects have also been declining. This has not augured well for the engineering activities and related technical consultancy sector, which includes activities such as drafting services, and architectural surveying and mapping services to name a few. Revenues have declined from 2.0 billion U.S. dollars in 2011 to 1.8 billion U.S. dollars in 2019.

The short to medium term does not augur too well for the sector either, as the outbreak of the corona virus pandemic has stalled majority of the construction and infrastructure operations. As a state of emergency has been declared in the country, over 37,000 work contracts in the construction sector have been terminated.

Industry revenue of »engineering activities, related technical consultancy« in Romania 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 Romania. The industry “engineering activities and related technical consultancy“ has the code “M7112“.

Details on the methodology can be found here.

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Statistics on "Economic Outlook Romania"

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