Greece emerged as Europe's champion in increasing employment in the construction industry
The second largest increase in employment growth rate in construction sector in 2020 was recorded in Greece (+15.2%) according to data unveiled by Eurostat.
In the EU in 2020, the growth rate of employment in construction sector was at least 10% with the largest increase recorded in Belgium (+19.5%), followed by Greece, and Hungary (+12.1)
The upward trend is expected to continue in the coming years as a series of major projects (PPPs, concession contracts, and infrastructure built as public works) will be launched, with the goal of completion by 2025.
It is noteworthy that only the Ministry of Infrastructure and Transport plans to immediately announce projects worth approximately 2.5 billion, while in 3.5 years projects worth more than 10 billion have been auctioned.
Investments in housing sector have also been increasing and gained a remarkable share in construction activity. Employment in constructions referring to housing projects increased to 1.3%, in Greece during 2021 after a drop that was recorded in the period 2010-2021.
During that decade employment in the sector plunged 45%, the second largest
drop among the 21 member states.