In 2023, the construction industry accounted for around 6.8 percent of China's gross domestic product. A significant share of the country's economy relies on real estate and infrastructure construction. Especially in times of economic downturn, policymakers fall back on infrastructure investments to boost economic output.
Construction industry's share of gross domestic product (GDP) in China from 2011 to 2023
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Share of GDP
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National Bureau of Statistics of China. (March 18, 2024). Construction industry's share of gross domestic product (GDP) in China from 2011 to 2023 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1283570/china-construction-industry-s-share-of-gdp/
National Bureau of Statistics of China. "Construction industry's share of gross domestic product (GDP) in China from 2011 to 2023." Chart. March 18, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1283570/china-construction-industry-s-share-of-gdp/
National Bureau of Statistics of China. (2024). Construction industry's share of gross domestic product (GDP) in China from 2011 to 2023. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1283570/china-construction-industry-s-share-of-gdp/
National Bureau of Statistics of China. "Construction Industry's Share of Gross Domestic Product (Gdp) in China from 2011 to 2023." Statista, Statista Inc., 18 Mar 2024, https://www.statista.com/statistics/1283570/china-construction-industry-s-share-of-gdp/
National Bureau of Statistics of China, Construction industry's share of gross domestic product (GDP) in China from 2011 to 2023 Statista, https://www.statista.com/statistics/1283570/china-construction-industry-s-share-of-gdp/ (last visited August 24, 2024)
Construction industry's share of gross domestic product (GDP) in China from 2011 to 2023 [Graph], National Bureau of Statistics of China, March 18, 2024. [Online]. Available: https://www.statista.com/statistics/1283570/china-construction-industry-s-share-of-gdp/