Global Construction Outlook 2020

The global construction industry has regained growth momentum, with the pace of expansion accelerating from an annual average of 2.7% a year in real terms in 2011–2013 to 3.1% in 2014. Publisher’s Construction Intelligence Center (CIC) forecasts a further rise to 3.8% in 2015, and then an average annual increase of 3.9% over 2016–2020. The global industry is projected to grow from US$7.4 trillion in 2010 to US$8.5 trillion in 2015 and to US$10.3 trillion in 2020, when measured at constant 2010 prices and exchange rates (real 2010 US$).