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Real estate and construction
The Real Estate & Construction sector is one of the pillars of the global economy, responsible for meeting the increasing needs of the population for affordable housing and for efficient social, transportation and utility infrastructure. As a labour-intensive industry, it is a major contributor to employment, income generation and social progress. Real Estate & Construction is also an essential element for economic value creation and sustainable growth, as it lays the foundations for the development of virtually all other industries.
Activities associated with Real Estate & Construction are the construction of residential and non-residential buildings, heavy and civil engineering construction, and the related speciality trade contracting activities. It also includes management and leasing of land and properties, real estate brokerage, architectural and engineering services, warehousing and storage activities, and operation of car parks and garages.
In 2018, the construction sector accounted for 7.6% of Mexico’s GDP, 5% of total FDI inflow and 8.1% of formal employment. Over the 2013-2018 period, the construction sector expanded its GVA at a CAGR of 1.3% in real terms, with the main growth ...
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For more than a decade, the construction sector has been a major driver for the Turkish economy’s expansion at rates above 5%. The rapid expansion was supported by favorable demographics and government policies, which included large ...
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Construction is the second largest economic activity in India and contributes 8% to the total gross value added. Construction sector employs more than 51mn workers, making it the second largest employer in the country. Large employability in the ...
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Construction has always been a favoured tool of the Chinese authorities for stimulating the economy and its development closely reflects that of GDP. The slowdown of China’s economy has resulted in more moderate growth of the sector ...
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Construction is the sixth largest economic sector in Colombia, accounting for 6.5% of the country’s GDP, 5.9% of total FDI inflow and 6.7% of formal employment in 2018. Over the 2013-2018 period, the construction sector expanded its GVA at a ...
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The construction and real estate sector plays an important part in the Indonesian economy. The sector’s combined gross value added (GVA) accounted for 13.3% of the country’s GDP in 2018. The construction sector alone generated 10.5% of ...
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Russia’s construction sector emerged from recession in 2018, with the value of construction works rising for the first time in five years. Growth was driven entirely by large-scale infrastructure projects and works related to the FIFA World Cup ...
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In 2018, the real estate sector emerged as one of the driving forces of the Brazilian economy, expanding its gross value added by 3.1% y/y, well above the country’s GDP growth of 1.1%. This was largely attributable to a rapid recovery of the ...
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Between 2014 and 2016, Brazil went through one of the biggest economic crises of its history, recovering only in 2017, gradually growing at an average rate of 1.1% between 2017 and H1 2018. The infrastructure sector was hit particularly hard by the ...
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Construction was one of the sectors most affected by the 2015-2016 economic recession in Brazil. In 2018, despite the rebound of the economy, construction activity fell for a fifth year in a row, impaired by a high inventory of residential and ...
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