Companies in the construction sector were responsible for 6.9% of the turnover generated by non-financial companies in Portugal, having increased its weight by 0.44 percentage points (pp) compared to 2023, the National Statistics Institute (INE) said this Monday.
Total turnover reached 39.1 billion euros in the last fiscal year, an increase of 10.2%. Already Gross Value Added (GVA) totaled 12.9 billion euros in 2024, representing a growth of 12.8% compared to the previous year.
Construction companies represented, last year, 7.3% of the total number of non-financial companies, that is, more than 114 thousand companies were registered in the sector.
In 2024, the sector was responsible for more than 460 thousand workersan increase of 7% compared to the previous year, says INE. Remuneration reached 6.7 billion eurosan increase of 12.5% compared to 2023.
INE’s analysis of the period from 2011 to 2024 notes that in the sector there was an increase in the number of companies (+16.8%) and an increase in personnel employed (+14.1%). In financial terms, turnover grew 34.4% and GVA increased 73.2%.
The value of the work carried out totaled 34.3 billion euros in 2024, a growth of 7.3% compared to 2023, according to INE.
Work on buildings represented 73.3% of activity, with the residential area corresponded to 43.6% of the total and increased by 16% compared to 2023. Non-residential buildings, with a relative weight of 29.7%, registered a growth of 5.1%.
The value of work on civil engineering works, which was worth 26.7% of the activity, showed different behavior compared to 2023. Transport infrastructure, dams and irrigation systems decreased by 0.4%, while pipelines, communication lines and energy transport increased by 1%.
Installations and constructions in industrial areas recorded a reduction of 15.2%. Other civil engineering works increased by 5% compared to the previous year.