Construction in Venezuela – Key Trends and Opportunities to 2018

Date: 2015-09

The Venezuelan construction industry increased in value at a compound annual growth rate (CAGR) of 29.17% in nominal terms during the review period (2009–2013). This growth was supported by a large-scale housing program undertaken by the government, infrastructure projects in railways and energy, and continuation of social spending initiatives. The construction industry is expected to fare slightly better over the forecast period (2014–2018), as a result of an anticipated economic recovery, the government’s focus on residential construction, and improved export demand. The industry is anticipated to post a forecast-period CAGR of 22.53%. However, with high inflation in the country, the industry’s output growth rate in real terms is expected to be lower over the forecast period.

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