Market Research Report
Construction in Portugal - Key Trends and Opportunities to 2024
|Published by||GlobalData||Product code||265117|
|Published||Content info||43 Pages
Delivery time: 1-2 business days
|Construction in Portugal - Key Trends and Opportunities to 2024|
|Published: November 6, 2020||Content info: 43 Pages||
The Portuguese construction industry expanded by 6.8% in real terms in 2019, driven by public and private sector investments in both building and civil engineering works. However, the outbreak of Coronavirus (COVID-19) has severely impacted the industry in 2020.
The latest data from Eurostat shows that the country's total gross fixed capital formation declined by 8.7% in the second quarter of 2020, compared to the same period of 2019. This was preceded by a year-on-year (Y-o-Y) growth of 0.2% in the first quarter of 2020. In 2019 overall, it grew by 5.4%, and it grew by 6.2% in 2018.
Reflecting the disruptions caused by the pandemic, coupled with the weak outlook for economic growth, GlobalData forecasts the construction industry's growth to decelerate to 2.6% in real terms in 2020, while it is projected to grow at an annual average rate of 2.4% between 2021-2024. This growth will be supported by the government's focus on developing the country's infrastructure. In October 2020, the government announced plans to spend EUR43 billion (US$48.1 billion) to develop the country's transport and energy infrastructure by 2030.
This report provides detailed market analysis, information and insights into the Portuguese construction industry, including -
This report provides a comprehensive analysis of the construction industry in Portugal. It provides -