Construction industry in Europe - Statistics & Facts

Published by N. Sönnichsen, Aug 14, 2019
Europe’s construction industry has seen its output increasing in recent years, with turnover estimated to have reached 1.64 trillion euros in 2016. Of this, approximately 267.1 billion euros had been generated through the civil engineering sector, which was a decline compared to the year prior. Employment in this specific sector amounted to 1.68 million, having decreased from 1.87 million in 2009.

In general, forecasts see the construction industry staying relatively stable in the next two years, with a projected growth rate of 1.9 percent for 2019 and 2 percent for 2020. For the period between 2014 and 2020, the European Commission has seen a total of 556 projects submitted for receiving 50 million euros or more in funding, with Poland being the largest requesting country. The majority of these were concerned with network infrastructure in the transport and energy sectors.

According to sales figures for 2017, France based Vinci SA was the largest construction company, having made 40.25 billion euros. The contractor was also the largest company in terms of market capitalization, making nearly three times as much as the second entry. In the past nine years, Vinci’s revenues have grown by 10 billion euros, despite a slump in 2014.

Building costs varied across European cities, with Zurich being the most expensive to build in. Of the top ten entries, five were regions in the United Kingdom. By comparison, one square meter of internal area for a high-rise apartment in Istanbul cost an average of 3,120 Turkish lira.

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Construction industry in Europe

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