Real Estate Contribution in Country’s Total Wealth

 
 
 
Posted by: IIPS Category: Data Visualisation Comments: 0

According to Savills International, the global real estate sector is the largest reserve of global wealth. The combined value of global real estate stands at 320 trillion USD, far more than stocks, bonds, gold or cryptocurrencies. The residential real estate sector holds the largest value as it increases with growing population levels, followed by commercial and agricultural real estate sectors. On a national scale, the real estate sector holds 40-60% of the nation’s wealth, which is reflected in the country’s economic growth and development.

According to the World Bank, Pakistan’s real estate sector is valued at 300-400 billion USD. Estimates by local experts claim the figure to be much higher and suggests that it’s more than 1 trillion USD. This is four times more than the national Gross Domestic Product (GDP). Moreover, real estate and its allied industries like construction, directly and indirectly, generate the largest number of jobs in the local economy.

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IMARAT Institute of Policy Studies

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