Country rankings

Construction Cost Index by Country

United States has the highest Construction Cost in 2025 ($5,723/m²), followed by Switzerland ($5,022/m²) and Hong Kong ($4,500/m²). India has the lowest ($705/m²).

Economics47 countries · 2 metricsUpdated May 29, 2025Original page
10 sources
Construction CostBetter directionWhether a higher or a lower value is better. A green arrow means higher is better, a red arrow means lower is better, and no arrow means neither.More in the glossary →
40 of 235 countries
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Construction Cost, 2025

Green is better, red is worse (lower is better). Click a place to highlight it.

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All 40 ranked

Best first.

Distribution Median and middle halfThe median is the middle value: half of places are above it, half below. The middle half is the range holding the central 50% of places.More in the glossary →

Each dot is one country; the lines mark the median and the middle half.

Median
$2,209/m²
Middle half $1,211/m² – $3,240/m²
Average
$2,495/m²
40 countries
Lowest (best)
$705/m²
India
Highest (worst)
$5,723/m²
United States

Biggest changes · 2024 → 2025

26 countries have a value in both years.

Improved most

Declined most

Data

Click a column to sort, a row to highlight that place on the charts.

47 countries · # = rank by Construction Cost
#
1India$705/m²Mumbai
2Kenya$785/m²Nairobi
3China$910/m²Guangzhou
4Indonesia$977/m²Jakarta
5Botswana$1,034/m²Gaborone
6Uganda$1,052/m²Kampala
7Vietnam$1,087/m²Hanoi
8South Africa$1,088/m²Cape Town
9Philippines$1,124/m²Manila
10Rwanda$1,131/m²Kigali
11Malaysia$1,237/m²Kuala Lumpur
12Nigeria$1,540/m²Lagos
13Colombia$1,554/m²Bogota
14Brazil$1,689/m²Rio de Janeiro
15Chile$1,748/m²Santiago
16United Arab Emirates$1,874/m²Dubai
17Zimbabwe$1,993/m²Harare
18Qatar$2,096/m²Doha
19Poland$2,186/m²Warsaw
20Spain$2,206/m²Madrid
21South Korea$2,213/m²Seoul
22Saudi Arabia$2,593/m²Riyadh
23New Zealand$2,662/m²Auckland
24Italy$2,966/m²Milan
25Australia$3,017/m²Sydney
26Canada$3,063/m²Vancouver
27Sweden$3,097/m²Stockholm
28Singapore$3,129/m²Singapore
29Belgium$3,189/m²Brussels
30France$3,200/m²Paris
31Netherlands$3,357/m²Amsterdam
32Austria$3,616/m²Vienna
33Ireland$3,775/m²Dublin
34Germany$3,797/m²Munich
35Japan$4,127/m²Tokyo
36Macau$4,269/m²—
37United Kingdom$4,473/m²London
38Hong Kong$4,500/m²—
39Switzerland$5,022/m²Geneva
40United States$5,723/m²New York
—Mexico—Mexico City
—Thailand—Bangkok
—Argentina—Buenos Aires
—Peru—Lima
—Taiwan—Taipei
—Georgia—Tbilisi
—Uruguay—Montevideo

What correlates with Construction Cost (2025)?

Pearson r against 1,892 other country metrics sharing at least 24 countries. Correlation is not causation.

Higher together

Places that have a higher Construction Cost tend to score higher on these

  1. Healthcare Expenditure per CapitaHealthcare Spending by Country
    r = +0.93 · very strong · n = 38
    Plot
  2. Per Capita Healthcare CostsHealth Care Costs by Country
    r = +0.92 · very strong · n = 38
    Plot
  3. Health Spending per Person (US$)Health Indicators by Country (World Bank)
    r = +0.92 · very strong · n = 38
    Plot
  4. Consumer Spending per CapitaConsumer Spending by Country
    r = +0.92 · very strong · n = 35
    Plot
  5. GNI per Capita AtlasGNI per Capita by Country
    r = +0.89 · very strong · n = 35
    Plot
  6. Mean WealthWealth per Adult by Country
    r = +0.87 · very strong · n = 37
    Plot

Opposite directions

Places that have a higher Construction Cost tend to score lower on these

  1. Android Market ShareiPhone Market Share by Country
    r = −0.80 · very strong · n = 40
    Plot
  2. % of Men With Vision LossBlind Population by Country
    r = −0.78 · very strong · n = 38
    Plot
  3. % of People With Vision LossBlind Population by Country
    r = −0.78 · very strong · n = 38
    Plot
  4. % of Women With Vision LossBlind Population by Country
    r = −0.77 · very strong · n = 38
    Plot
  5. RichAds 2024Tier 1 Countries
    r = −0.76 · very strong · n = 37
    Plot
  6. Upper CI - FemaleAutism Rates by Country
    r = −0.76 · very strong · n = 38
    Plot

Quick answers

Which country has the highest Construction Cost?
United States has the highest Construction Cost in 2025, at $5,723/m², followed by Switzerland ($5,022/m²) and Hong Kong ($4,500/m²).
Which country has the lowest Construction Cost?
India has the lowest Construction Cost in 2025, at $705/m².
What is the median Construction Cost across countries?
The median is $2,209/m² across the 40 countries with data in 2025.
Where does this construction cost index by country data come from?
Rankodex compiles it from World Population Review and the primary sources it cites: Slow steps forward: gradual acceleration in activity as build costs stabilise - Turner & Townsend International; Average cost per square meter in selected European cities for constructing a building as of 2023 - Statista; Global Survey: US Now Is Most Expensive for Construction - ENR; Price per Square Meter/Square Foot in Latin American Cities - Global Property Guide.

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