DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/ck8jnz/construction_in) has announced the addition of the "Construction in Venezuela - Key Trends and Opportunities to 2018" report to their offering.
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.
According to the country's office of national statistics, Instituto Nacional de Estadística (INE), the construction industry's contribution to the country's GDP declined from 8.0% in 2012 to 7.7% in 2013. Moreover, the construction industry's output at constant prices declined by 2.3%, from VEF4.9 billion (US$1.1 billion) in 2012 to VEF4.8 billion (US$783.5 million) in 2013, due to the deteriorating business environment, currency depreciation and high inflation. Forecast-period growth in the industry is expected to be supported by the government's Great Housing Mission, a social spending program introduced by the government in 2011.
Key Topics Covered:
1 Executive Summary
2 Market Overview
3 Commercial Construction
4 Industrial Construction
5 Infrastructure Construction
6 Institutional Construction
7 Residential Construction
8 Company Profile: Constructora Norberto Odebrecht de Venezuela C.A.
9 Company Profile: Tecnoconsult, SA
10 Company Profile: Vepica C.A.
11 Company Profile: The Y&V Group
12 Company Profile: Inelectra SAC.A.
13 Market Data Analysis
For more information visit http://www.researchandmarkets.com/research/ck8jnz/construction_in