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Real estate and construction
The Real Estate & Construction sector is one of the pillars of the global economy, responsible for meeting the increasing needs of the population for affordable housing and for efficient social, transportation and utility infrastructure. As a labour-intensive industry, it is a major contributor to employment, income generation and social progress. Real Estate & Construction is also an essential element for economic value creation and sustainable growth, as it lays the foundations for the development of virtually all other industries.
Activities associated with Real Estate & Construction are the construction of residential and non-residential buildings, heavy and civil engineering construction, and the related speciality trade contracting activities. It also includes management and leasing of land and properties, real estate brokerage, architectural and engineering services, warehousing and storage activities, and operation of car parks and garages.
Despite ranking among the ten largest global economies and being responsible for more than half of South America’s GDP in 2016, according to October 2017 estimates by the IMF, Brazil has the most inadequate infrastructure of the ...
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Mexico’s construction sector accounted for 8% of the country’s GVA, 5.6% of FDI inflows and 8.1% of the labour force in 2016. Construction activities followed a downward trend during the first nine months of 2017, as a result of lower ...
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The real estate sector - one of the key drivers of the Brazilian economy in the past decade - was not shielded from the deep recession in the country over the 2015-2016 period. It suffered from oversupply, lower demand, limited loan financing, ...
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Construction is among the largest economic sectors of Peru in terms of share of total GDP, ranking fourth behind only oil and gas, industry and trade. In 2016, construction accounted for 6.3% of domestic GDP, 1.5% of total FDI stock and 5.3% of ...
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Construction is the fourth-largest economic sector in Colombia, accounting for 9.4% of the country’s GDP, 5% of total FDI inflow and 6.2% of formal employment in 2016. Over the period 2011-2014, the construction sector emerged as one of the ...
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Construction is one of the main economic sectors of Argentina, accounting for 4.7% of the country’s GDP, 1.4% of total FDI inflows and 5.9% of formal employment in 2015. However, even this considerably underestimates the social importance of ...
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The construction sector, one of the key drivers of economic growth in the past decade, is undergoing a profound restructuring triggered by structural transformation of the Brazilian economy after the end of the commodities boom, low government ...
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In 2024, Colombia's construction sector experienced mixed fortunes. While the gross value added (GVA) of the sector grew by 1.89% y/y, slightly higher than GDP growth, the performance varied across different sub-segments. However, the year concluded ...
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Real estate and construction activities are a key pillar of the Mexican economy. In 2024, the construction sector contributed 6.7% of Mexico's GDP. Over the 2019-2024 period, the sector's gross value added (GVA) expanded at a compound annual growth ...
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In the third quarter of 2024, the construction sector continued to exhibit resilience and steady growth. The gross value added (GVA) increased by 6.9% y/y in nominal terms, reaching BRL 90bn, and by 5.7% in real terms. While this marked a slight ...
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