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Value of renovation projects carried out by construction enterprises was EUR 10.4 billion in 2023

Release related to topics:Housing and constructionEnterprises
release | Renovation building 2023

According to Statistics Finland, the value of building projects was EUR 22.7 billion in construction enterprises with at least five employees in 2023. Of the projects, EUR 10.4 billion were directed at renovation building and EUR 12.4 billion at newbuilding. From 2022, the value of renovation building fell by around 11 per cent and the value of newbuilding by about 25 per cent.

Key selections

  • The total value of projects made by construction enterprises was EUR 22.7 billion in 2023, which was 19 per cent lower than in the year before.
  • The value of building projects fell particularly in newbuilding from 2022, by over 25 per cent.
  • In building construction, the value of projects decreased by 17 per cent and in specialised construction activities by 21 per cent compared to 2022.
  • Renovation building accounted for 46 per cent of the value of building projects and newbuilding for 54 per cent in 2023.

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Updated database tables
12h3
Classifications used:
  • Industry
  • Target of construction
Reference period cycle:
year
Updating frequency:
year
Statistics:
Updated:
12i8
Classifications used:
  • Size of construction enterprise
Reference period cycle:
year
Updating frequency:
year
Statistics:
Updated:

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Referencing instructions

Renovation building [online publication].
Reference period: 2023. ISSN=1799-2974. Helsinki: Statistics Finland [Referenced: 5.12.2024].
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