China: output value of construction 2024| ��ƽ��

Construction output value in China from 2000 to 2024 (in trillion yuan)

Characteristic	Output value in trillion yuan
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-

Download

Source

Show detailed source information?

Already a member?

Source

Release date

June 2025

More information

Region

China

Survey time period

2000 to 2024

Supplementary notes

One yuan equals approximately 0.14 U.S. dollars and 0.12 euros (as of June 2025).

Values have been rounded to provide a better understanding of the statistic.
The source does not provide a publication date. The date of release stated here is the date of access.

Citation formats

In 2024, the construction industry in China generated an output of over * yuan, representing an increase of more than ***percent from a decade ago.

Stimulus from the real estate sector and government-funded projects

With the liberalization of the housing market in the late 1990s, China's real estate industry enjoyed a 20-year boom since the early 2000s. Amidst the surge in housing prices, local governments across China received considerable non-tax revenue from land leases and in turn, invested the funds in infrastructure development projects. This led to the continuous prosperity of the country’s construction industry.

A vital segment of China’s economy

Thanks to the stimulus from housing developments and infrastructure projects, the construction industry is now one of the pillar industries of China's economy, accounting for around percent of the country's GDP. However, with the recent difficulties experienced by many major real estate enterprises, and the stagnation in infrastructure construction owing to local governments' debt situation, China's construction sector faces a somewhat uncertain future.