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

Over the past decade, the Slovakian construction industry has been witnessing a downfall, fuelled by the Eurozone crisis. Leading companies such as Vegrad declared bankruptcy, and many others such as SCT went into receivership. As a result, revenues of the building construction industry have fallen drastically between 2011-2020, with the number of employees declining as well. Moreover, the civil engineering sector has also witnessed only subdued growth, owing to the tepid developments in infrastructural projects and a lack of necessary funding. This has not augured well for the engineering activities and related technical consultancy industry, with revenues falling from 1.5 billion U.S. dollars in 2014 to 1.3 billion U.S. dollars in 2019.

The short to medium term does not augur well for the sector either, as the government is expected to curtail expenditure on infrastructural developments due to the outbreak of the corona virus. The economy as a whole is expected to witness an eight percent decline in growth in the coming year.

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

Details on the methodology can be found here.

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