Chinese construction sector sees output value of RMB 23.5 trillion in 2018

Friday, 02 August 2019 11:03:06 (GMT+3)   |   Shanghai

The construction industry in China realized an output value of RMB 23.5 trillion ($3.4 trillion) in 2018, which is 4,124 times what the output value was in 1952, with an average annual growth rate of 13.4 percent, as announced by China's National Bureau of Statistics (NBS).

In 2018, the added-value of the Chinese construction industry amounted to RMB 6.2 trillion, which was 445 times what it was in 1978, with an average annual growth rate of 16.5 percent, accounting for 6.9 percent of GDP in 2018, 3.1 percentage points higher than the percentage recorded in 1978.

In 2018, the per capita floor space of urban residents was 39 square meters, indicating an increase of 32.3 square meters compared to 1978, while the per capita floor space of rural residents in 2018 was 47.3 square meters, up 39.2 square meters compared to 1978.

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