Today, houses, offices and other buildings are constructed faster than ever before. As a result of the development of the construction sector, buildings, bridges, stadiums and roads can be built in shorter time and with less resources. Construction covers building construction and civil engineering works, reconstruction, expansion and demolition.
Construction enterprises are primarily active in the domestic construction market. Thus, general economic development in the country has an impact on the construction sector. When the economy is growing fast, construction volumes are large; when economic growth slows down, construction works decrease, as customers place less orders.
Statistics Estonia publishes the following data for construction:
- construction volumes of buildings and civil engineering works and change in the volumes;
- construction value in Estonia by type of construction and location;
- granted building permits and completed buildings.
In order to assess the situation of construction enterprises, we collect the following data from them:
- equity capital;