Africa map of construction price changes
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Data source: UNECA
A majority of African countries have an average price increase higher than 3% annually.
Note: The price in construction industry is measured by the deflator of the value added of the industry.
Price trends in economic industries of African countries
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Data source: UNECA
Note: The prices in the economic industries/sectors are measured by the deflator of the value added of these industries/sectors.
Price trends in economic industries of fastest growing economies with a vibrant construction sector
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Data source: UNECA
Faster growth does not really imply higher price increase in construction industry. Construction prices have seen low increases in most of fastest growing economies (except in Ethiopia). Prices have fallen dramatically in Cote d’Ivoire and Togo since 2015. The dynamics of the economy does not necessarily kink to high price increase.
Note: The prices in the economic industries/sectors are measured by the deflator of the value added of these industries/sectors.
Price trends in economic industries moderately growing economies with a vibrant construction
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Data source: UNECA
Price remain stable in most medium growth economies with vibrant construction industry. Among medium growing economies (3-5%) with vibrant construction industry (5%+), only D. R. of Congo and Egypt have noticeable price increases in their construction industry. Price in Construction begun to plummet from 2019 in DRC.
Note: The prices in the economic industries/sectors are measured by the deflator of the value added of these industries/sectors.
Price trends in economic industries in oil exporting countries
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Data source: UNECA
Prices remain stable in construction industry in most oil exporting countries despite skyrocketing in others as many countries among oil exporters have high price increases in their construction industry.
Note: The prices in the economic industries/sectors are measured by the deflator of the value added of these industries/sectors.
Price trends in economic industries in mineral-rich countries
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Data source: UNECA
Prices have remained stable in construction industry of most mineral-rich countries. A majority of mineral-rich countries enjoy price movements contained within good ranges in the construction industry. Others such as DRC, have seen dramatic price increases.
Note: The prices in the economic industries/sectors are measured by the deflator of the value added of these industries/sectors.