Built assets, including infrastructure, generated a total income of €3.8 tln in GDP across nine European countries in 2013, according to a new study published by consultancy firm Arcadis.
Built assets, including infrastructure, generated a total income of €3.8 tln in GDP across nine European countries in 2013, according to a new study published by consultancy firm Arcadis.
Developed in conjunction with the Centre for Economics and Business Research (Cebr), the Global Built Asset Performance Index examines the income generated by buildings, infrastructure and other fixed assets across a total of 30 countries that collectively represent 82% of global GDP.
The report found that, on average, 40% of global GDP is generated from built assets, but this proportion fluctuates depending on the maturity of the economy. In emerging economies, which tend to be more reliant on industrial production, GDP from built assets rose to 45%. Turkey was among the most reliant countries with income from built assets accounting for over 60% of GDP.
Advanced economies, on the other hand, tended to be less reliant, with built assets accounting for, on average, 36% of GDP. Russia was found to be the least reliant on built assets at just 14%.
David Sparrow, global director of the Multinational Client Program at Arcadis, said: 'Built assets such as good transport links, productive industrial centres and high quality residential and commercial property all positively contribute to the economic performance of a country. For the first time, our report paints a full picture for the economic performance of this stock and assesses how effectively different economies make use of the built assets they have at their disposal.'
The top 10 countries by overall built asset income (in euros) are:
1. China 5 tn
2. USA 4.1 tn
3. India 1.5 tn
4. Japan 1.45 tn
5. Germany 769 bn
6. Mexico 721 bn
7. France 597 bn
8. UK 507 bn
9. Brazil 462 bn
10. Turkey 455 bn
The full report can be downloaded from www.arcadis.com/builtassetindex
