7.4 THE MARKET
7.4.1 CONSTRUCTION MARKET SIZE (converted to GBP and adjusted for Purchasing Power Parity37) Region
Country
Africa
Botswana Ghana
£1,078 -
£1,185 -
10.0% -
South Africa Uganda
£13,960 -
£13,398 -
-4.03% -
Bangladesh Hong Kong Malaysia Pakistan Sri Lanka
£6,873 £7,371 £13,398
£8,092 -
9.78% -
-
-
-
£18,569
£18,801
1.25%
£1,089 £150,259 £84,659 -
£1,198 £153,565
9.96% 2.20%
-
-
Asia
Current Size of Construction Market (GBP million, PPP)
Caribbean Antigua and and America Barbuda Canada Europe Cyprus Malta United Kingdom Pacific Australia New Zealand
Forecast Size of Construction Market (GBP million, PPP)
With the exception of South Africa, most regions are predicting a positive outlook and are forecasting an increase in construction activity. The UK predicts only modest growth and is likely to be subject to uncertainties surrounding Brexit for some time.
Forecast Growth (%)
37 http://siteresources.worldbank.org/ICPEXT/Resources/ ICP_2011.html
Note: The above figures were supplied by respondents in a variety of different currencies and from a variety of different sources. They have all been expressed in GBP and factored for purchasing power parity for comparison purposes.
It is interesting to note the relative size of the Australian market bearing in mind the fact that its population is less than half that of the UK.
Botswana
Botswana
South Africa South Africa
Honk Kong Pakistan
Honk Kong
Sri Lanka Pakistan
Canada
£2
0,
00
0
0 00
0 00
8, £1
0 00
6, £1
0
4,
00
£1
£1
Canada
2,
00
0
0
0,
,0 0
0
£1
£8
0
,0 0 £6
,0 0 £4
,0 0 £2
£0
0
Malta
Sri Lanka
Malta
United Kingdom Current Size PPP (GBP million) Forcast Size PPP (GBP million)
Australia
£0
£20,000
£40,000
£60,000
£80,000
£100,000
£120,000
£140,000
£160,000
Figure 25 Current and forecast construction market size
Survey of the Architectural Profession in the Commonwealth
49