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Total Construction Spending in 2020 Becoming concentrated in U.S. & Canada, China, and BRI

Construction spending 2020 absolute, Top 10 (Billions of 2009 $s)

China

2,049

U.S. & Canada

1,508

India

751

Japan

U.K.

432

592

Infrastructure Non-residential

France

365

Residential All Construction

Germany

302

Brazil

299

Russia

267

Italy

257

Brazil

168

Infrastructure

Russia

106

Non-residential

U.K.

103

Residential

Japan

95

All Construction

Indonesia

92

Mexico

60

Korea

57

Construction spending 2010-2020 change, Top 10 (Billions of 2009 $s)

China

534

437

1,128

U.S. & Canada

India

  • U.S. & Canada + China 36% of 2020 absolute, compared to 30% today

  • U.S. & Canada + China + BRI 50% of 2020 absolute, compared to 40% today

Source: IHS Global Insight, Deere Analysis, August 2011

34

| Deere & Company

| August 2011

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