Residential construction - annual data, % of GDP

Residential Construction tracks the actual construction (not sales) of housing and is part of Gross fixed capital formation. GFCF consists of resident producers' acquisitions, less disposals, of fixed assets during a given period plus certain additions to the value of non-produced assets realised by the productive activity of producer or institutional units. The GDP used in denominator of the MIP indicator comes from the ESA 2010 transmission programme.