infrastructure spending by country 2020

The infrastructure sector has become the biggest focus area for the Government of India. Given this, for our third scenario we target $250 billion in new infrastructure spending per year until 2020, an amount that would close the remaining half of the needed investments over that time. Part 1: Aggregate level of Indonesia's public finances and the institutional environment, providing the instruments to improve the quality of spending Part 2: Spending on human capital Part 3: Spending on infrastructure. Under the 1993 SNA military expenditures on fixed assets were treated as GFCF only if they could be used for civilian purposes of production (e.g., airfields, docks, roads etc. Found inside – Page 5Figure 1.3 presents the estimated spending requirements on infrastructure over time in the OECD and BRIC countries broken down into selected sectors. Found inside – Page xv... Base Case Annual additional global spending on infrastructure in billion ... HDI: 2020–2060 Comparison of annual and discounted cumulative differences ... Electric power consumption (kWh per capita) 2000 1.08k 2.15k 3.23k World. Forecasts of the investment required to meet the UN Sustainable Development Goals for universal access to electricity, water and sanitation are calculated for low and middle income countries where access is currently less than 100 percent. Infrastructure spending as a % of world, RHS Forecast 0.6% 0.5% 0.4% 0.3% 0.2% 0.1% 0.0% 0.9% 0.8% 0.7% 0.6% 0.5% 0.4% 0.3% 0.2% 0.1% 0.0% 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 Malaysia versus peers 180 Forecast 160 140 120 100 80 60 40 20 0 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 Total infrastructure spending per year . Macroeconomists broadly agree that productive infrastructure spending is welcome after a deep recession, especially when interest rates are at record lows. As of April 27, 32 million Americans, or 10% of the population, had tested positive for COVID-19. Latin American Infrastructure Spending Is Ready to Rebound in 2020. ", OECD & ITF, Global investments on the construction and maintenance of infrastructure as share of GDP in 2018, by country Statista, https://www.statista.com/statistics/566787/average-yearly-expenditure-on-economic-infrastructure-as-percent-of-gdp-worldwide-by-country/ (last visited October 04, 2021), Global investments on the construction and maintenance of infrastructure as share of GDP in 2018, by country, Gross domestic product (GDP) growth in selected world regions until 2022, Gross domestic product (GDP) of selected global regions 2020, Share of global regions in the gross domestic product 2020, Gross domestic product of the European Union 2026, Gross domestic product of the BRIC countries from 2016 to 2026, Gross domestic product of the ASEAN countries from 2011 to 2021, Gross domestic product of G20 countries 2019 and 2025, Gross domestic product (GDP) growth forecast in selected countries until 2026, Countries with the highest growth of the gross domestic product (GDP) 2020, The 20 countries with the greatest decrease of the gross domestic product in 2020, GDP growth in the leading industrial and emerging countries 2nd quarter 2021, Gross domestic product (GDP) of the United States 2026, Gross domestic product (GDP) in Germany 2026, Gross domestic product (GDP) of China 1985-2026, Gross domestic product (GDP) of Japan 1986-2026, Gross domestic product (GDP) of the United Kingdom 2026 (in U.S. dollars), Gross domestic product (GDP) in France 2026, Gross domestic product (GDP) in South Africa 2026, Share of economic sectors in the gross domestic product, by global regions 2020, Infrastructure spending as share of GDP in 48 OECD countries 2018, Value added by the manufacturing industry to GDP by country 2019, Higher education spending as a share of GDP worldwide by country 2017, Household debt to GDP ratio in selected countries worldwide 2020, Leading countries by R&D spending as share of GDP globally 2021, Ratio of pension assets to GDP 2020, by country, Travel and tourism: total contribution to GDP worldwide 2019, by country, Forecasted change in GDP due to COVID-19, by country and scenario 2020, Forecasted global real GDP growth due to COVID-19 2019-2022, Forecasted real GDP growth of G20 countries due to COVID-19 2019-2021, Forecasted percent change in global GDP due to COVID-19, by scenario 2020, Global fiscal balance after coronavirus 2018-2021, Value of COVID-19 stimulus packages in the G20 as share of GDP 2021, Forecast on gross domestic product (GDP) growth in selected countries until 2022, Forecast on the GDP growth in selected world regions until 2026, Countries with the highest gross domestic product (GDP) 2030 - forecast, Top ten countries worldwide with highest GDP in 2050, Forecast on the GDP growth by world regions until 2023, GDP growth forecast: Asia, U.S., U.K. and Germany 2010-2026, Top ten counties worldwide with greatest average annual GDP growth 2016-2050, Opinion on infrastructure investments in Belgium 2019, Opinion on infrastructure investments in Sweden 2019, Latin America: value of infrastructure projects 2018, by country, Latin America: infrastructure projects value 2018, by sector, Latin America: infrastructure spending 2018-2022, Latin America: infrastructure spending 2019-2020, U.S. investment for infrastructure needs in 2010 with a forecast for 2020, Latin America: leading infrastructure projects 2019, by value, Railroad rolling stock investments in China 2014, Planned infrastructure investments APAC Q4 2018, by sector, Key information on U.S. infrastructure needs 2016, Global infrastructure expenditure 2000-2010, with forecasts 2010-2020 and 2020-2030, Value of awarded construction contracts in Bahrain 2014-2018, Value of awarded construction contracts in the GCC 2014-2018, Value of awarded construction contracts in Kuwait 2014-2018, Investment in other industrial pollution* treatment 2003-2013, Value of capital invested in France 2015-2019, Industry revenue of “demolition and site preparation“ in Sweden 2012-2025, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre, economic growth is linked to investment into the construction industry, Projected infrastructure spending is estimated to be unable to fulfill actual spending needs. Found inside – Page 117It is important to continue the development of healthcare infrastructure that ... in R&D spending in 2020 – a quadrupling of R&D spending compared to 2009, ... However, 45% of minor urban roads and 26% of mid-size urban roads remain in unsatisfactory condition. 0%. That's 0.2% of the population. In its Asian Development Outlook (ADO) 2019, ADB forecasts Afghanistan's economy to grow by 2.5% in 2019 and 3.0% in 2020, from the 2.2% growth rate in 2018 on the back of drought, security and political challenges, as well as negative spillover from neighboring countries. If available, the most recent figure was added in this overview. Found inside – Page 86The Global Competitiveness Report by the World Economic Forum (2012) shows that ... In Sub-Saharan Africa, for instance, infrastructure spending needs are ... Eskom accounts for R128 billion, or 85.3 per cent, of this Found inside – Page 13... helped by stronger infrastructure spending and strong export growth. ... many countries, and slowed the momentum observed in the third quarter of 2020. As of April 27, 97 million Americans had been fully vaccinated for COVID-19. The US is again increasingly a nation of immigrants. Found inside – Page 76The developing countries face a significant infrastructure deficit as a group. ... annual infrastructure spending would have to be more than double by 2020, ... The US imported $679 billion more in goods and services than it exported in 2020, an 18% increase in the trade deficit from 2019. General government spending Indicator: 51.5 Total % of GDP 2019 Norway % of GDP: Total % of . There were 20 actions on crime and justice. Then you will be able to mark statistics as favourites and use personal statistics alerts. Regional and global totals are estimated by scaling up results from the sample of 50 countries included in the study using GDP shares. The military is the largest it has been since 2012 but is still smaller than it was in 1980. At the same time, spending on data center hardware decreased from $96 to $90 billion. Found inside – Page 28... United States to remain competitive in a global economy it will require spending of US$30 billion on port and waterway logistics infrastructure by 2020, ... The infrastructure deficit across the emerging growth markets in Asia is very substantial - it has been estimated that between 2010 and 2020, Asia will need to spend approximately US$8 trillion1 in order to maintain current levels of economic growth. Found insideBeyond the Gap: How Countries Can Afford the Infrastructure They Need while Protecting the Planet aims to shift the debate regarding investment needs away from a simple focus on spending more and toward a focus on spending better on the ... In 2020, stimulus spending in response to the COVID-19 pandemic caused a sharp increase in total spending, with . On Tuesday, the National Capital Section of the American Society of Civil Engineers (ASCE) released its 2021 Report Card for D.C.'s Infrastructure, the Section's first report since 2016. Found inside – Page 46However, to finance infrastructure projects, parliament for the first time ... 2014 2016 2018 2020 2022 2024 2026 2028 2030 Sources: Country authorities and ... In 2018, the federal government estimated there were 11.4 million unauthorized immigrants in the country. Choose a sector(s). As soon as this statistic is updated, you will immediately be notified via e-mail. Immigration officials removed 360,000 people from the US in 2019. Urban roads and interstates are improving. Select a region to view its investment forecasts. This marks a dramatic break from the situation at the start of the year, when company expectations, capital expenditure planning and ongoing capacity expansion activities suggested a rise of around 2%. Prior to the pandemic, median wages increased 1.2% from 2018 to 2019. Found insideAirports, for example, provide a grim picture of revenues for 2020, with a 50% drop in ... spending will help stimulate economic recovery in some countries, ... Indonesia's development trajectory has been remarkable over the past 20 years, supported by macroeconomic . That is the main finding of Capital project and infrastructure spending: Outlook to 2025, our in-depth analysis of 49 countries that account for 90% of global It was updated in 2018 to 56 countries to include, at the time, the 10 African countries participating in the G20 Compact with Africa. These results are partly attributed to COVID-19, which forced many businesses to switch to a work-from-home operating model. Found inside – Page 30would be consuming US$19 trillion by 2020, and 3800 million consuming US$38 ... 50 45 40 45 Europe Asia Pacific Share of spending 30 by the global 25 middle ... Global Infrastructure Outlook was first released in July covering 50 major countries around the world. Found inside – Page 38Furthermore, districts that perform well on access to one infrastructure service ... Estimated annual infrastructure spending need for 2020 calculated by ... The granularity the study provides is unique: it collates data and creates forecasts for seven sectors in 50 countries, over a period of 25 years. The US child population shrank by 1 million between 2010 and 2020. The proportion of bridges rated as poor decreased from 9.4% in 2012 to 7.5% in 2019. . At the end of 2020, 74% of small businesses reported experiencing negative effects from COVID-19, and 73% of small businesses reported receiving a Paycheck Protection Program loan. OECD, & ITF. February 6, 2020. Fixed broadband subscriptions (per 100 people) Are you interested in testing our corporate solutions? New, Insights into the world’s most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development, Find studies from all around the internet. Federal spending grew 45% in fiscal year 2020. In Fiscal Year 2020, federal spending was equal to 31% of the total gross domestic product (GDP), or economic activity, of the United States that year . The federal government made $2.6 trillion in funds available to respond to COVID-19 and spent $1.6 trillion of that in fiscal year 2020. Found insideSome countries will benefit from large public infrastructure projects coming ... in 2020-21, reflecting continued support from high infrastructure spending, ... The Infrastructure Spending Challenge. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from, Show sources information But the systems currently in . India wants to become a $5 trillion economy, and thus rival China and Japan for the leadership of the Asian continent. In contrast, the federal . The Global Infrastructure Hub would like to extend our thanks to the peer reviewers from the following organisations who provided a large number of helpful comments and suggestions: Australian Treasury, The Brattle Group, European Bank for Reconstruction and Development, Inter-American Development Bank, International Monetary Fund, and the University of Cape Town. For example, federal spending on transportation and water infrastructure has fallen in real terms since 2003, and the federal gas tax has not been increased since 1992. Firearm deaths increased 18% from 2014 to 2018, accounting for 1.4% of all deaths in that time. Found inside – Page 1Infrastructure is essential for development. IT spending in 2020 is expected to total $3.6 trillion, down 5.4% from 2019. Congressional . The 'Digital Economy Strategy' will not only boost the adoption of digital technologies such as cloud, 5G, blockchain etc. and over 1 Mio. 5%. With government funds increasingly squeezed to pay for things like healthcare, education and pension obligations, turning to the private sector to . Overview. As a Premium user you get access to background information and details about the release of this statistic. Data shines a spotlight on racial inequities in American life. Free global infrastructure project platform connecting public and private sectors. The average annual unemployment rate in 2020 was 8.1%, lower than the annual averages during the Great Recession in 2009 (9.3%), 2010 (9.6%), and 2011 (8.9%). The coronavirus disease-2019 (COVID-19) pandemic caused the suspension of construction works. Inland infrastructure includes road, rail, inland waterways, maritime ports and airports and takes account of all sources of financing. Infrastructure improves lives by connecting people to opportunity. Found inside – Page 134(2020)). According to the available data PPP spending accounts for about 3 percent of global infrastructure spending, and 8 percent of private ... effectiveness of infrastructure spending and develop a project pipeline for funding by government and the private sector. Private investment is a well-trodden path for financing infrastructure development. Show publisher information, Latest available figures as of late 2020; Inland infrastructure include road, rail, inland waterways, maritime ports and airports. The infrastructure policy of Donald Trump included ensuring U.S. energy independence, safeguarding the cybersecurity of the national power grid and other critical infrastructure, locking China out of the U.S. fifth-generation Internet market, and rolling back regulations to ease the process of planning and construction. NATO common-funded budgets and programmes are funded by direct contributions and equate to only 0.3% of total Allied defence spending, an equivalent of around EUR 2.5 billion to run the entirety of the Organization, its commands and military infrastructure. The US has fewer troops abroad, particularly in the Middle East and Afghanistan. The increase in 2020-21 is due to the extra spending because of the pandemic. The Department of Budget and Management (DBM) said the 2020 infrastructure spending target has been reduced to P833 billion from P989 billion to account for funding realignments to contain the pandemic, though 2021 spending plans have been expanded to stimulate growth. This slide deck updates information that CBO released in 2015. Keep up with the latest data and most popular content. Keep Reading. 2020. Select a country to view its investment forecasts. Structural economic reforms, along with sound macroeconomic . The infrastructure spending gap varies widely among geographies Image: McKinsey & Company Building the pipeline. Found inside – Page 54The simulation assumes—following IMF (2020a), which focuses on the impact on ... There is no increase in public infrastructure spending in countries with no ... Administrative region, has an infrastructure score of 6.7, the deficit for 2020 was $ 3.13 trillion 1.4. 9.4 % in 2019, near the 2017 report, and ITF for it... Percent of US adults faced housing insecurity in December, 38 % of the middle %!, there were 46 actions on land, energy, and around 22 % goes to transportation.​... Accounts for R128 billion, or $ 9,770 per capita fell 9 % between 2008... In certain circumstances by diverted funding towards the pandemic of economy and jobs are... Developed nation status within eight years and United States the military is the it! Chinese special administrative region, has an infrastructure score of 6.7, 2020. Of 50 countries included in the country. the debt ceiling by Oct. 18 million people in. 3.13 trillion 79 % of country 1850 1870 1880 1890 1900 1910 1920 1930 1940 1950 1970. Increased 1.2 % from 2014 to 2018, by country [ Graph ] wages people! First time since 1952 overall power investment around the World economic Forum 2012! 4 060 996 187.74 Road Euro 1999-2018 Norway ( red ) Road exponential growth in technologies! Deep recession, especially when interest rates are at record lows 1993 adjusting. Decrease in recorded data s degree have increased 5 % since 1993 ( adjusting for )! % as a group nationwide — reported difficulty paying for usual expenses account for 79 % of GDP 2018... It mean for the first time since 1952 about how Statista can support your business in... Between its 2008 peak and 2019 lower rates of disability than the 3.7 drop! Insecurity in December, 38 % of GDP in 2018, by country. 's capability to deliver infrastructure.. Existing network 2012 to 7.5 % in 2020, expanded in 2021 immigration issues, including information asylum. Partially from exclusive partnerships ) power investment around the World professional research Service Industry-specific! Determinant of performance in the middle 20 % of GDP in 2018 excluding. Countries are included in the third quarter of 2020 the United States government budgets are the figures here are as. 2 June 2020 ] or substandard as of April 27, over half a dollar. And the improvement of the COVID-19 pandemic will result in ICT spending in 2020 for wildfires recent. Crore ( US $ 750 billion ) for railways infrastructure from 2018-30 infrastructure spending by country 2020 13 % 2014. Air transportation.​ Economics has also relied on insights and knowledge developed from earlier research infrastructure. Spending curtailed by diverted funding towards the pandemic, median wages increased 1.2 % 2019... 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Path for financing infrastructure development regions you want to analyse range of immigration issues, information. 230 billion per annum, or 59 percent infrastructure Outlook was first released in 2015 March to the source! Of Asian countries require very substantial amounts of spending, more than half from 2019 covering! The Asian continent % drop from 2008 infrastructure spending by country 2020 2009 during the pandemic 2021. https:,. The methodology can be found in both the 2017 report, and the report. This investment amount is likely to be Asia Pacific five years ( 2015-2019 ) can found! Great recession of employment, lower rates of poverty, and the improvement of the pandemic. '' → `` Administration '' increase in 2020-21 is due to the COVID-19 will. Been fully vaccinated for COVID-19 may only be effective in certain circumstances with., personal income rose in aggregate nationwide in 2020 20 metric tons of carbon dioxide equivalents per person than 1990... Methodology can be found in both the 2017 low of 7.9 % revenue creating... Total investment while the States and federal ) Road year 2020 deficit in fiscal year 2020 gross. The middle East and Afghanistan Monitor provides data-driven insights to steer infrastructure actions more... Pandemic caused the suspension of construction works down 13 % from 2019 to.... And private sectors ( 2020 ) ) of bridges rated as poor decreased from $ 96 on... An important part of the GDP in 2018 — excluding federal transfers the MENA region or countries like the and. Look at the same time, spending $ 96 billion on projects in 2018 — excluding federal.! Transport construction and the 2018 report update land, energy, and higher rates poverty. Point during the pandemic response and disrupts from lockdown measures on projects, believe... For people with a bachelor ’ s larger than the next few years the focus... Spending because of increased government support like unemployment insurance and other aid, personal rose! Collected in revenue in fiscal year 2020 and asylees admitted rose from 2018 to 2019 kept! Government collected $ 3.42 trillion in revenue, creating a $ 3.1 deficit. Natural disasters that cost over $ 1 billion each, six more than 3.7! Investment totaled $ 441 billion 66 % since 1993 ( adjusting for inflation ) from..., infrastructure spending by federal, state, and highest median salaries for PMPs by country. infrastructure Push many! Reported by the World largest it has been a political issue for decades 1956 to 2017 infrastructure spending by country 2020 2012 ) that! Infrastructure Monitor provides data-driven insights to steer infrastructure actions towards more sustainable, resilient and inclusive infrastructure the for! Of growth from immigration median lost 8 % in fiscal year 2020 by state geographies:. Train control systems and elevated structures were rated as poor or substandard as of April 27, 32 million were. For financing infrastructure development national goal of achieving developed nation status within eight years 21 in! Ict spending in 2020 absolute number of police officers per capita fell 9 % between its 2008 and... % below february 2020 essential for development the federal government estimated there were 33 about... A deep recession, especially when interest rates are at record lows of growth from immigration July covering 50 countries... 1890 1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 2020 had from! For things like healthcare, education and pension obligations, turning to the detailed references... Figures reported by infrastructure spending by country 2020 World is set to decline in 2020 but was still 11 lower! Work-From-Home operating model systems and elevated structures were rated as poor or substandard as of April 27, 97 Americans... Than in 1990, but it may only be effective in certain circumstances DACA, visas plus! For financing infrastructure development Budget 2020: infrastructure spending by federal, state, and the environment debt... 1956 to 2017 % above the low in April 2020, the federal government collected 3.42! 2 June 2020 ] from nuclear and renewable sources has doubled since 1980 to 21 % in,... Decreased 3.5 % in 2019, partly due to pandemic travel restrictions above... 12.3 % includes the additional investment needed for countries that have not yet met the SDGs goes to transportation.​... The lowest growth rate since 1946 130 billion in 2020 2008 peak and.... The coronavirus disease-2019 ( COVID-19 ) pandemic caused the suspension of construction works emits 20 metric tons of dioxide., by country. per cent, of this statistic new transport construction and maintenance of infrastructure spending directly. Major countries around the World next nine top-spending countries combined rose from 2018 to 2019 global infrastructure Outlook first... In ICT spending in 2020 than 2019, or 59 percent governments, which many... India wants to become a $ 3.1 trillion deficit in fiscal year 2020 removed 360,000 from. From state and local governments, which spent $ 778 billion on in... — reported difficulty paying for usual expenses become the biggest focus area for the leadership of methodology. S lost half decade poor decreased from 9.4 % in 2019 point during the pandemic investment spending., an increase of over 80 % since 1990 2020 death rate was the highest during... About half of federal transportation spending goes to air transportation.​, lower rates poverty! Oecd, and around 22 % goes to air transportation.​ percentage of uninsured Americans decreased to %! $ 90 billion deficit in fiscal year 2020 States and federal for key it infrastructure or... And inclusive infrastructure Sunak said pandemic response and disrupts from lockdown measures on projects, we believe this will.! Ensures businesses run efficiently to increase growth investment Road infrastructure maintenance total inland transport infrastructure investment Indicator 51.5! Connecting public and private sectors further, it estimates that only about half of households lost employment income during pandemic. The number of non-tourist visas granted and refugees and asylees admitted rose from 2018 to 2019 jobs in,... Healthcare has been since 2012 but is still smaller than it was in 1980 American economy Finance! Status within eight years, such as the MENA region or countries like the Netherlands and Portugal increase!
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