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Definition
It covers the creation, renovation, repair, or extension of fixed assets in the form of buildings, land improvements of an engineering nature, and other similar engineering constructions such as roads, bridges, dams, and so forth. It also includes related installation and assembly work, site preparation, specialized services such as painting, plumbing, and demolition, and management of construction projects. Construction also covers the acquisition of goods and services by the enterprises undertaking construction work from the economy of location of the construction work. Construction can be divided into construction abroad and construction in the compiling economy.

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Related Variables

Machinery and transport equipment (Exports SITC 7), % Food and live animals (Imports SITC 0), million $ Exports of maintenance and repair services, n.i.e. Beverages and tobacco (Imports SITC 1), million $

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