Bulgaria’s construction industry growth decelerated to 3.7% in 2018, after growing at 4.4% in 2017. The industry’s output value in real terms is expected to rise at a compound annual growth rate of 4.4% between 2018 and 2023. This is according to leading data and analytics company, GlobalData.
GlobalData’s report ‘Construction in Bulgaria – Key Trends and Opportunities to 2023’ reveals that the industry’s output value in real terms is expected to increase from a value of US$8.7 billion in 2018 to US$10.7 billion in 2023, measured at constant 2017 US dollar exchange rates, writes World Cement.