Gross value added public sector construction Philippines 2016-2018

In 2018, the growth rate of the construction industry in the Philippines was at 15.9 percent. Within the public sector, it generated a valued added of approximately 259.7 billion Philippine pesos.

Infrastructure projects

The “Build Build Build” program of the Philippine government has put into place 100 projects, where the majority would be enforced by the Department of Public Works and Highways. The aim of the agency through their projects is to ease traffic congestion and connect as many regions as possible within the Philippines. As of April 30, 2019, there were three ongoing infrastructure projects (1104226) managed by the DPWH.

One of the ongoing infrastructure constructions is the Intramuros-Binondo bridge project that is forecasted to complete its upgrade and improvement by 2021. A grant-aided project financed by the People’s Republic of China, the construction is a bilateral cooperation between China and the Philippines.

Capital formation

Sustaining construction development requires capital. In 2019, the value of outstanding loans granted by universal and commercial banks for construction in the Philippines was about 339.1 billion Philippine pesos. The fixed capital formation of the construction sector accounted for about 9.7 percent of Philippine GDP expenditure as of the fourth quarter of 2019.

Gross value added generated from public sector construction in the Philippines from 2016 to 2018

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Source

Release date

March 2019

Region

Philippines

Survey time period

2016 to 2018

Supplementary notes

Values are at constant 2000 prices.

One Philippine peso equals 0.02 U.S dollars and 0.018 euros as of February 2020.

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Statistics on "Construction sector in the Philippines"

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