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Floor space of residential buildings completed in China falls in 2017

In comparison with the previous year building starts declined by 6.14%, according to numbers presented by China National Statistical Office. The variable went down from 171 471.27 ten thousand square meter in 2016 to 160 934.83 ten thousand square meter prior year, as it follows the tendency of the previous year when it dropped by 4.6 percent. The overall changes for the prior 32 years reached an increase of 33.54%. However, it has had a decline at a 0.04% compound average annual growth rate over the last five years with a modest overall growth since the start of observations. It averaged 136 279.43 ten thousand square meter from 1986 to 2017 and it attained its all-time high of 197 452.23 ten thousand square meter in 2011 and record low of 78 965 ten thousand square meter in 1993.

Floor space of residential buildings completed in China falls in 2017
Date Ten Thousand Square Meter Variation
2017 160 934.83 -6.14
2016 171 471.27 -4.6
2015 179 737.81 -6.65
2014 192 545.05 -0.41
2013 193 328.47 -0.91
2012 195 102.89 -1.19
2011 197 452.23 13.09
2010 174 603.86 -5.21
2009 184 209.52 15.56
2008 159 404.63 8.97

Related Statistics

Construction Starts in other Countries

Main Construction Indicators

  • Building Permits

    Number of issued building permits, it is an indicator of the construction sector's growth. A building permit is an authorisation to start work on a building project. As such, a permit is the final stage of planning and building authorisations from public authorities, prior to the start of work. Based on: Eurostat.

  • Construction Completions

    Number of new privately owned housing units completed. Is is an indicator of construction work actually completed within a given period of time or at a particular point in time. Based on: Organisation for Economic Co-operation and Development.

  • Construction GDP

    Value of output of the construction industry less the value of intermediate consumption (intermediate inputs) used in this industry. It can be expressed in millions or billions of national currency, or in percentage of GDP. Based on: Organisation for Economic Co-operation and Development.

  • Construction Output

    Measure of the production in the construction industry.

  • Construction Spending

    Value of total spending in the construction industry, usually expressed in millions billions of national currency. It includes the cost of labor and materials, cost of architectural and engineering work, overhead costs, interest and taxes paid during construction and contractor's profts. Based on: US Census Bureau.

  • Construction Starts

    Number of new buildings on which construction has been started in a given period. Start of a construction occurs when excavation begins for the footings or foundation of a building. Based on: U.S. Census Bureau.

  • Buildings Under Construction

    Number of buildings in a state of construction (up until they receive their certificate of occupancy), at a given date in a country.

  • Building Materials Import

  • Building Materials Export