The Russian civil engineering sector was expected to generate total revenues of USD63.2 billion (bln) in 2018, representing a compound annual growth rate (CAGR) of 1.3 percent between 2014 and 2018. In comparison, the Czech sector declined with a compound annual rate of change (CARC) of minus 0.2 percent, and the Polish sector increased with a CAGR of 3.2 percent, over the same period, to reach respective values of USD9.1 bln and USD25.6 bln in 2018.

The Russian sector suffered in 2015 as the price of oil collapsed. The price of oil has slowly been increasing, and the economy has since recovered somewhat. Russia’s position as the largest country in the world means that it has a large capacity for civil engineering projects; hard-wearing transport options are particularly important due to the harsh weather conditions in some parts of the country. The performance of the sector is forecast to accelerate, with an anticipated CAGR of 2.5 percent for the five-year period from 2018 to 2023, which is expected to drive the sector to a value of USD71.5 bln by the end of 2023. Comparatively, the Czech and the Polish sectors will grow with CAGRs of 6.3 percent and 11 percent over the same period to reach respective values of USD12.3 bln and USD43.2 bln in 2023.