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Construction builds homes, hospitals, schools, roads, water and energy networks. It drives every economy: when a country invests, much of that money flows through building sites.

US$ 6.13 trillionConstruction value added worldwide in 2024 (about US$ 6,128 billion). Sum of 220 countries and territories.
5.5%Share of world gross domestic product (GDP) generated by construction (2024).
≈ 230 millionPeople working in construction: about 7.6% of global employment, according to the International Labour Organization (ILO).
+1.3% in 2027Forecast real growth of global construction in 2027, after a 1.8% fall in 2026; averaging +3.6% a year in 2029–2030 (GlobalData).
Note: not every figure measures the same thing. Value added (Table 1) is what construction contributes to GDP: sales minus materials and services bought in. Construction spending is larger because it includes materials. For example, the US Census Bureau measured spending of US$2,164.4 billion in 2025, against value added of US$1,305.4 billion in 2024 according to the UN. Table 2 forecasts are real percentage changes, not dollars.

Table 1. What construction generates by country (2024)

CountryValue added 2024 (US$ billion)% of GDP
World6,1285.5
United States1,305.44.5
China1,249.76.7
India314.07.9
Germany227.34.9
Japan219.25.4
United Kingdom195.95.3
Canada162.27.1
France158.05.0
Indonesia140.910.1
Russia138.56.4
Italy126.45.3
Australia124.16.8
Saudi Arabia96.77.7
Spain ●91.65.3
South Korea89.94.8
Türkiye78.75.9
Mexico ●78.34.2
Brazil66.63.0
Argentina ●21.23.3
Peru ●20.97.2
Chile ●19.15.8
Colombia ●17.54.2
Dominican Republic ●16.313.1
Panama ●14.717.0
Guatemala ●6.25.5
Ecuador ●4.93.9
Uruguay ●3.84.6
Costa Rica ●3.73.9

Gross value added of construction at current prices, converted to US dollars by the United Nations using International Monetary Fund (IMF) market exchange rates. Spanish-speaking countries are marked ●.

Table 2. Growth forecast 2026–2030

Country20262027Annual average to 2030
World-1.8%+1.3%+3.6% (2029–2030)
United States-0.9%—+2.1% (2027–2030)
China-9.0%—+3.4% (2028–2030)
India+7.6%—+6.0% (2027–2030)
Germany+0.6%—+3.5% (2027–2030)
Japan-0.2%+0.4%+1.3% (2028–2030)
United Kingdom-1.4%—+3.2% (2027–2030)
Canada+1.2%—+2.5% (2027–2030)
France-0.9%—+2.8% (2027–2030)
Indonesia+5.4%—+5.9% (2027–2030)
Russia———
Italy+1.7%-0.5%+1.4% (2028–2030)
Australia+4.8%—+3.2% (2027–2030)
Saudi Arabia+1.8%—+4.1% (2027–2030)
Spain+4.5%—+3.0% (2027–2030)
South Korea-2.1%—+3.3% (2027–2030)
Türkiye———
Mexico+2.0%—+3.2% (2027–2030)
Brazil+1.6%—+4.0% (2027–2030)
Argentina+3.6%—+4.5% (2027–2030)
Peru+7.6%—+3.8% (2027–2030)
Chile+3.7%—+4.7% (2027–2030)
Colombia——+4.4% (2027–2030)
Dominican Republic———
Panama———
Guatemala———
Ecuador———
Uruguay———
Costa Rica———

Real growth (after inflation) of construction output, from GlobalData’s summaries (Q3 2026 update). ‘—’ = no reliable data. We do not invent figures.

Forecast value in dollars

  • India: construction output will exceed US$1 trillion in 2027, in nominal terms (GlobalData).
  • World: in 2021 Oxford Economics forecast global construction would reach US$15.2 trillion by 2030 (2017 prices and exchange rates). This is an old forecast, made before China’s downturn.
  • United Kingdom: the Construction Products Association (CPA) forecasts −4.0% in 2026, +0.4% in 2027 and +2.9% in 2028, reaching about £219.7 billion in 2028 (2023 prices), against £221.5 billion in 2025.
Missing data

No published forecast: Russia, Türkiye, Dominican Republic, Panama, Guatemala, Ecuador, Uruguay and Costa Rica. Colombia and China: no separate public figure for 2026/2027.

Sources
  1. United Nations Statistics Division (UNSD) – National Accounts Main Aggregates, GDP/breakdown at current prices in US dollars, Dec 2025 update
  2. GlobalData – Global construction market to 2030 (Q3 2026)
  3. ILO – Small-scale contractor development in the construction sector (2024)
  4. US Census Bureau – Monthly Construction Spending, December 2025
  5. Construction Products Association – Autumn 2026 forecasts (summary, Specification Online)
  6. Oxford Economics – Future of Construction (2021)
  7. GlobalData / Construction Briefing – India to exceed US$1tn by 2027
  8. GlobalData – country summaries (Q3 2026), linked from each country in Table 2

Data checked on 30 October 2026.