The 2023 Global Real Estate Gross Value Added (GVA) data highlights that the United States leads with $2.8569 trillion, followed by China at $1.1725 trillion and India at $0.6254 trillion. Key year-on-year variations show notable growth in China (3.71%) and India (3.91%), while significant declines were observed in Russia (-6.38%) and Afghanistan (-9.8%). Bangladesh exhibited the highest growth rate at 7.87%. Over the past five years, the Compound Annual Growth Rate (CAGR) indicates robust performance in Israel (6.92%) and Bangladesh, suggesting strong real estate sector development. Japan and South Korea show slight regressions.
Future trends to watch include the continued dominance of the United States, China, and India in the global real estate sector. Emerging economies like Bangladesh and Israel are expected to maintain their rapid growth, driven by urbanization and economic development. Conversely, countries facing political instability or economic sanctions may see further declines. The shift towards sustainable and digital real estate solutions could also significantly impact GVA trends across different nations.
Top countries in Real Estate Gross Value Added by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 2,856,900 | 2023 | +2.87% | +3.5% | View data |
| 2 | 2 China | 1,172,500 | 2023 | +6.77% | +3.71% | View data |
| 3 | 3 India | 625,400 | 2023 | +4.08% | +3.91% | View data |
| 4 | 4 Japan | 589,450 | 2023 | -0.65% | -0.047% | View data |
| 5 | 5 Canada | 214,920 | 2023 | +1.65% | +1.93% | View data |
| 6 | 6 Australia | 193,250 | 2023 | +2.41% | +2.44% | View data |
| 7 | 7 Brazil | 177,450 | 2023 | +8.04% | +1.94% | View data |
| 8 | 8 Mexico | 125,030 | 2023 | +1.87% | +1.81% | View data |
| 9 | 9 South Korea | 117,570 | 2023 | +3.29% | -1.32% | View data |
| 10 | 10 Russia | 101,190 | 2023 | -7.52% | -6.38% | View data |
