Global Construction Value Added by Country

In 2023, the Global Construction Value Added varied significantly across different countries. Indonesia led with a value of 11.03% of Value Added in Industry and Services, showing a modest year-on-year increase of 0.1%. Chile and Austria experienced notable growth rates of 1.24% and 2.85%, respectively. Poland saw a slight decline of -1.53%, while Estonia's value remained relatively stable with a minor decrease of -0.14%. Japan and the Netherlands exhibited strong growth at 2.8% and 3.18%, respectively. South Korea and Belgium had marginal changes at -0.049% and 0.052%, respectively. Portugal experienced a significant uptick of 6.1%, while Russia and Costa Rica faced declines of -1.87% and -2.54%, respectively.

Looking ahead, trends to watch in Global Construction Value Added by Country include:

• Continued growth in Asia, particularly in Indonesia and Japan, driven by infrastructure investments.
• Potential recovery in European countries like Austria and Portugal, which showed positive trends in 2023.
• Challenges for countries like Russia and Costa Rica, which need to address declining trends.