Abstract
Industrial value added, including the construction industry, plays a vital role in the global economy. According to data for 2023, the value added will reach US$27.8 trillion, which remains consistently high given historical trends. The construction industry serves as the foundation that supports economic growth through infrastructure development and urban development, and is experiencing rapid growth especially in developing countries. In recent years, there has been an emphasis on sustainability and environmental awareness, and the introduction of green buildings and renewable energy sources has progressed. These trends suggest that added value in the construction industry will continue to increase, and will be an important factor supporting growth in the overall economy.
Industry including construction, US dollar
Value added in industries, including agriculture, forestry, fishing and construction, grew rapidly between 1960 and 2023. Particularly in developing countries, demand for the construction industry has increased with the progress of urbanization and industrialization, which has driven economic growth. Agriculture, forestry and fishing were major industries in the early stages of the economy, but their importance declined with industrialization, but they still play an important role. Additionally, in recent years there has been an emphasis on sustainability and environmental awareness, with green building and sustainable agriculture being promoted. A record US$27.8 trillion in 2023 would mark the industry’s overall peak and confirm that it will continue to be a vital sector of the overall economy.
The maximum is the latest one, 27.8TUSD of World
Industry including construction, US Dollars (Worldwide)
Industries, including the construction industry, play a vital role in the global economy. China, in particular, has grown rapidly since 1960, achieving a record value added of US$7.03 trillion in 2022. This growth is the result of accelerating urbanization and large-scale infrastructure development, which has played an important role in forming the foundation of the Chinese economy. However, the growth rate has slowed recently and is now at 96.9% of its peak. This reflects changes in the economic structure and the shift towards sustainable development. The added value of the global construction industry is also increasing, with technological innovation and environmentally friendly projects attracting attention. Going forward, infrastructure modernization and the introduction of digital technology are expected to be driving factors in industrial growth. The construction industry remains a key driver of economic growth, and regional changes in demand and technological advances will determine its future direction.
The maximum is 7.03TUSD[2022] of China, and the current value is about 96.9%
Industry including construction, US dollars (World countries, latest year)
Industries, including the construction industry, play a major role in the global economy. According to data for 2023, total value added will be US$20.1 trillion, of which China will account for US$6.81 trillion. This figure indicates the importance of the construction industry in China, and is largely due to the development of infrastructure and urbanization both domestically and internationally. The global average value added was US$133 billion, reflecting the diversity of construction activity across countries. In recent years, there has been an emphasis on pursuing sustainability and efficiency, and the introduction of green buildings and digital technology is progressing. This supports economic growth while reducing the construction industry’s environmental impact. On the other hand, challenges still remain, such as the efficient use of resources and the improvement of working conditions. Going forward, accelerating technological innovation and narrowing regional infrastructure disparities will be challenges, but the construction industry remains an essential sector for the growth and development of the global economy.
The maximum is 6.81TUSD of China, the average is 133GUSD, and the total is 20.1TUSD
Industry including construction, US$ (region, latest year)
According to 2023 data, the global value added of the industry, which includes agriculture, forestry, fishing and construction, reached US$23.2 trillion. Of this, East Asia and the Pacific accounted for the largest value added at US$8.03 trillion, making it a major contributor to the region’s economic growth. In particular, countries such as China and Indonesia are experiencing rapid urbanization and infrastructure development, and the construction industry is seeing notable growth. On the other hand, the added value of agriculture, forestry and fisheries varies by region, but overall it shows a relatively low percentage. This reflects the fact that while industrialization is progressing in developed countries, it remains an important industry in developing countries. The average value added was US$1.94 trillion, with significant regional disparities. In particular, the East Asia and Pacific region accounts for a large proportion of construction and infrastructure investment due to its economic size and population density. In the future, sustainability and environmental protection will become important issues, and it is expected that the construction industry in particular will see an increase in the promotion of green buildings and the introduction of energy-saving technologies. Adaptation to climate change and sustainable management are also required in the agriculture, forestry and fisheries sectors. Collectively, these industries are key drivers of global economic growth and require strategic responses tailored to their respective regions’ characteristics and challenges.
The maximum is 8.03TUSD of East Asia & Pacific, the average is 1.94TUSD, and the total is 23.2TUSD
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