Finland's construction output reached 27.3 billion euros in 2023. Data center investments alone totaled 1.5 billion euros that year while costs rose 7.1 percent. The sections below detail employment, infrastructure projects, and residential activity.
Key Takeaways
- Commercial building permits in Finland covered 2.1 million m² in 2023.
- In 2022, the total value of building construction in Finland reached 18.5 billion euros, marking a 4.2% increase from 2021 driven by residential projects.
- In 2023, Finland employed 132,500 people in the construction sector, a 1.2% decrease from 2022.
- In 2024, Finland's construction market is forecast to grow by 2.5% to 28.1 billion euros.
- The Finnish government invested 1.5 billion euros in road construction projects in 2023.
- Residential building starts in Finland totaled 38,000 units in 2023, down 5% from 2022.
Construction activity in Finland remains resilient, with steady output supported by ongoing investment and demand.
Related reading
01 · Category
Commercial And Industrial Construction19 stats
01
Commercial building permits in Finland covered 2.1 million m² in 2023.
02
Office construction starts totaled 450,000 m² in Finland in 2023, down 10%.
03
Retail space completions reached 180,000 m² in 2023, mainly logistics.
04
Industrial construction output was 1.8 billion euros in 2022, 15% of non-residential.
05
Data center investments in Finland hit 1.5 billion euros in 2023, with 200 MW capacity added.
06
Hotel construction projects underway covered 50,000 m² in 2023.
07
Logistics parks totaling 300,000 m² were completed in Helsinki region in 2023.
08
Manufacturing facility expansions accounted for 120,000 m² of industrial builds in 2023.
09
Sustainable commercial buildings certified LEED numbered 45 new ones in Finland in 2023.
10
Turku office developments: 120,000 m² under construction in 2023.
11
Logistics space vacancy rate: 4.2% in Finland 2023.
12
New industrial parks: 3 facilities totaling 150,000 m² in 2023.
13
Data centers: 6 new facilities online in 2023, 150 MW.
14
Retail completions: 45,000 m² in shopping centers 2023.
15
Healthcare buildings: 80,000 m² constructed in 2023.
16
Educational facilities: 50 new schools built 2023.
17
BREEAM certified commercial: 30 projects in 2023.
18
Factory expansions: 200 million euros invested 2023.
19
Hotel rooms added: 2,500 in new builds 2023.
Interpretation
Commercial And Industrial Construction Interpretation
Commercial and industrial construction in Finland is slowing in traditional office and retail areas, with office starts down 10% to 450,000 m² in 2023 while investment momentum is shifting to data centers, which added 200 MW and reached 1.5 billion euros in 2023.
02 · Category
Economic Indicators19 stats
01
In 2022, the total value of building construction in Finland reached 18.5 billion euros, marking a 4.2% increase from 2021 driven by residential projects.
02
Finland's construction industry contributed 5.8% to the national GDP in 2023, with a total output value of 27.3 billion euros.
03
The construction sector in Finland experienced a growth rate of 2.1% in real terms during 2023, supported by public infrastructure investments.
04
Building permits issued in Finland for 2023 totaled 47,200 units, a 1.5% decline from 2022 due to rising interest rates.
05
The value of civil engineering works in Finland was 8.7 billion euros in 2022, representing 32% of total construction output.
06
Finland's construction production index rose by 3.4% year-on-year in Q4 2023, primarily in non-residential buildings.
07
Total investments in construction enterprises in Finland amounted to 1.2 billion euros in 2022, up 5% from the previous year.
08
The Finnish construction market size was valued at USD 32.4 billion in 2023, projected to grow at a CAGR of 3.2% to 2028.
09
Turnover in the Finnish construction industry increased by 6.8% to 42.1 billion euros in 2022.
10
Construction costs in Finland rose by 7.1% in 2023, the highest annual increase since 2011.
11
Building construction value expected to decline 1.2% in 2024 due to high costs.
12
Construction investment ratio to GDP was 7.2% in Finland in 2023.
13
Export value of construction services from Finland was 450 million euros in 2022.
14
Import of construction materials cost 3.2 billion euros in 2023.
15
Productivity growth in construction was 1.1% in 2023.
16
Number of construction bankruptcies rose to 250 in 2023.
17
R&D expenditure in construction sector was 180 million euros in 2022.
18
Helsinki construction output was 6.8 billion euros in 2023, 25% of national total.
19
Northern Finland construction growth was 5.3% in 2023.
Interpretation
Economic Indicators Interpretation
In 2023 Finland’s construction sector delivered a 2.1% real growth rate and contributed 5.8% to GDP on 27.3 billion euros output, showing that despite a 1.5% dip in building permits to 47,200, economic momentum remained supported by public infrastructure and non residential construction.
03 · Category
Employment Statistics19 stats
01
In 2023, Finland employed 132,500 people in the construction sector, a 1.2% decrease from 2022.
02
The average monthly salary in Finland's construction industry was 3,850 euros in 2023, up 4.5% from 2022.
03
Construction sector labor productivity in Finland stood at 112 index points in 2022 (2015=100).
04
There were 12,300 construction enterprises in Finland in 2022, employing an average of 10.8 persons per firm.
05
Unemployment rate in Finland's construction industry was 6.7% in 2023, higher than the national average of 6.9%.
06
Women accounted for 12.4% of the construction workforce in Finland in 2023.
07
The construction industry saw 4,200 new job vacancies in Finland in Q1 2024.
08
Average working hours in construction were 39.2 hours per week in Finland in 2023.
09
28% of construction workers in Finland were aged 50+ in 2022, indicating an aging workforce.
10
Apprenticeships in construction numbered 2,150 in Finland in 2023, a 3% increase.
11
Construction accidents totaled 4,500 in Finland in 2023, rate of 34 per 1,000 workers.
12
Foreign workers in construction: 15,200 or 11.5% of total in 2023.
13
Training hours per construction worker averaged 28 hours in 2023.
14
Overtime hours in construction: 2.1 million hours in 2023.
15
Sick leave days in construction: 7.2 days per worker annually in 2023.
16
Union membership in construction: 78% of workforce in 2023.
17
Wage settlements increased construction wages by 3.9% in 2023-2024.
18
Youth employment (under 25) in construction: 8.3% in 2023.
19
Self-employed in construction: 18,500 persons in 2023.
Interpretation
Employment Statistics Interpretation
In the employment landscape of Finland’s construction industry, the workforce shrank to 132,500 people in 2023 while monthly wages rose to 3,850 euros, signaling tighter labor supply alongside higher pay as productivity and firm-level employment remained steady.
More related reading
04 · Category
Forecasts And Trends20 stats
01
In 2024, Finland's construction market is forecast to grow by 2.5% to 28.1 billion euros.
02
Construction employment projected to rise 1.8% annually to 2028 in Finland.
03
Residential construction expected to account for 45% of total output by 2027.
04
Infrastructure spending forecasted at 10 billion euros cumulatively 2024-2028.
05
Green building materials adoption projected to increase construction costs by 5% by 2026.
06
Digitalization in construction to boost productivity by 20% by 2030 in Finland.
07
Labor shortage in construction expected to peak at 15,000 workers by 2025.
08
BIM usage in projects forecasted to reach 90% by 2027.
09
Renovation market to grow 4% annually to 12 billion euros by 2028.
10
Civil engineering output projected to increase 3.7% in 2024.
11
Construction growth forecast: 3.1% CAGR 2024-2028.
12
Infrastructure CAGR: 4.2% to 2027.
13
Residential slowdown: -2% growth in 2024.
14
Digital twins adoption: 50% projects by 2026.
15
Modular construction share: 25% by 2027.
16
Carbon neutral construction target: 2035 nationwide.
17
Worker shortage forecast: 10,000 by 2026.
18
AI in planning: 30% efficiency gain by 2028.
19
Renovations forecast: 15 billion euros peak 2026.
20
Energy retrofits: 500,000 homes by 2030.
Interpretation
Forecasts And Trends Interpretation
Finland’s construction outlook under Forecasts And Trends is positive and shifting, with the market set to expand 2.5% in 2024 to 28.1 billion euros and productivity expected to rise 20% by 2030 as employment grows 1.8% annually and infrastructure spending totals 10 billion euros from 2024 to 2028.
05 · Category
Infrastructure Projects20 stats
01
The Finnish government invested 1.5 billion euros in road construction projects in 2023.
02
Helsinki's Ring Rail Line project, costing 1.2 billion euros, was completed in 2023 enhancing commuter transport.
03
Finland allocated 800 million euros for railway infrastructure upgrades in 2024-2028.
04
The Turku Harbor expansion project, valued at 250 million euros, started construction in 2023.
05
450 km of new cycling paths were built in Finland in 2023 as part of sustainable infrastructure.
06
The Oulu University Hospital expansion, a 400 million euro project, broke ground in 2022.
07
Finland's 5G network rollout included 1,200 new base stations constructed in 2023.
08
Renovation of 150 bridges costing 120 million euros was completed in 2023.
09
The Vuosaari Harbor deepening project, 180 million euros, improved capacity by 20% in 2023.
10
Energy grid reinforcements in Finland involved 500 km of new lines built in 2023, budgeted at 300 million euros.
11
Tampere tram project phase 1, 600 million euros, 10 km track completed in 2023.
12
E18 highway Patomäki-Turku extension, 1.1 billion euros, 14 km opened 2023.
13
Helsinki-Vantaa airport expansion added 20,000 m² terminal space in 2023.
14
Wind farm infrastructure: 1.2 GW capacity constructed in 2023.
15
Water supply network: 250 km pipes renewed in 2023.
16
Espoo metro extension planning approved, construction starts 2024, 7 km.
17
District heating networks expanded by 150 km in 2023.
18
Public swimming pools: 5 new facilities built in 2023.
19
High-speed rail Helsinki-Turku feasibility study led to 2 billion euro plan.
20
Turku-Tampere railway electrification, 400 million euros, completed 2023.
Interpretation
Infrastructure Projects Interpretation
Across Finland’s infrastructure projects, investment is scaling up with 1.5 billion euros poured into road construction in 2023 and a further 800 million euros planned for railway upgrades from 2024 to 2028, alongside major transport and mobility builds like a 1.2 billion euro Ring Rail Line completion.
06 · Category
Residential Construction20 stats
01
Residential building starts in Finland totaled 38,000 units in 2023, down 5% from 2022.
02
The average size of new dwellings completed in Finland was 82 m² in 2023.
03
Helsinki issued permits for 8,500 new residential units in 2023.
04
Wood-frame residential construction accounted for 85% of new detached houses in Finland in 2023.
05
Apartment buildings comprised 62% of residential floor area completed in 2023.
06
Energy efficiency in new Finnish homes reached an average of 25 kWh/m²/year in 2023.
07
15,200 existing homes were renovated with energy upgrades in 2023, subsidized by 200 million euros.
08
The price of new apartments in Finland averaged 4,500 euros/m² in 2023.
09
Detached house construction costs rose 8.2% to 2,100 euros/m² in 2023.
10
4,500 row houses were completed in Finland in 2023, up 2%.
11
New residential completions: 32,500 dwellings in 2023.
12
Multi-dwelling units: 75% of new residential floor area in 2023.
13
Vantaa residential permits: 5,200 units in 2023.
14
Prefab residential construction: 40% of new homes in 2023.
15
Detached houses completed: 6,800 units in 2023.
16
Passive house standard met by 65% of new builds in 2023.
17
ARA housing starts: 12,000 subsidized units in 2023.
18
Residential demolition: 1,200 units removed in 2023.
19
Second-home construction: 1,500 starts in 2023.
20
Helsinki new apartment prices: 6,200 euros/m² average 2023.
Interpretation
Residential Construction Interpretation
In Finland’s residential construction sector, starts slipped to 38,000 units in 2023 down 5% from 2022, even as new homes averaged 82 m² and energy efficiency reached 25 kWh per m² per year.
report visual · Key figures
Finland’s Construction Landscape: Activity, Costs, and Market Pressure (2023)
Key 2023 indicators point to active commercial development alongside cooling office activity, rising construction costs, and a relatively tight logistics rental environment.
2.1
Commercial building permits in Finland covered 2.1 million m² in 2023.
10%
Office construction starts totaled 450,000 m² in Finland in 2023, down 10%.
7.1%
Construction costs in Finland rose by 7.1% in 2023, the highest annual increase since 2011.
4.2%
Logistics space vacancy rate: 4.2% in Finland 2023.
5.8%
Finland's construction industry contributed 5.8% to the national GDP in 2023, with a total output value of 27.3 billion
Reference
Cite This Report
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APA
Priya Chandrasekaran. (2026, February 13). Finland Construction Industry Statistics. Gitnux. https://gitnux.org/finland-construction-industry-statistics
MLA
Priya Chandrasekaran. "Finland Construction Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/finland-construction-industry-statistics.
Chicago
Priya Chandrasekaran. 2026. "Finland Construction Industry Statistics." Gitnux. https://gitnux.org/finland-construction-industry-statistics.
Sources & references
57 datasets cited across this report · attribution is report-level