The value of construction buildings in the country increased to P398.93 billion in 2021 from P275.81 billion in 2020, with residential-type building constructions accounting for 53.1 percent of the total value of constructions in 2021. Know more:
THE value of construction buildings in the country increased to P398.93 billion in 2021 from P275.81 billion in 2020, with residential-type building constructions accounting for 53.1 percent of the total value of constructions in 2021, according to the Philippine Statistics Authority .
The data showed the combined shares of the top three regions, in terms of value of construction, amounted to P234.08 billion or 58.7 percent of the total. These regions were led by the National Capital Region which posted the highest value of construction of P104.75 billion or 26.3 percent of the total.
More than half or 53.1 percent of the total value of construction was accounted for by residential building construction, valued at P211.66 billion. This reflects a 24.6-percent increase from the P124.96-billion value of constructions reported the previous year.
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