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Floor space of buildings under construction in China goes down in 2017

China National Statistical Office reported that in comparison with the previous year building starts hardly declined by 3.6%. The variable barely diminished by 45 577.71 ten thousand square meter, as it follows the tendency of the prior year when it decreased by 2.16 percent. China saw a rise of 547.67% in building starts over the past 32 years. Though, it has shown a drop at a 0.02% compound average annual growth rate during the 5 years with a negligible overall growth since the start of observations. It averaged 519 026.96 ten thousand square meter from 1986 to 2017 and it attained its all-time high of 1 355 559.63 ten thousand square meter in 2014 and record low of 131 788 ten thousand square meter in 1989.

Floor space of buildings under construction in China goes down in 2017
Date Ten Thousand Square Meter Variation
2017 1 218 817.54 -3.6
2016 1 264 395.25 -2.16
2015 1 292 371.75 -4.66
2014 1 355 559.63 1.44
2013 1 336 287.63 14.48
2012 1 167 238.38 12.72
2011 1 035 518.88 22.68
2010 844 056.88 11.92
2009 754 189.38 19.28
2008 632 261.00 15.26

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