Q28

Based on Exhibit F, describe how important construction and housing services were for the Spanish economy in 2007. How does that compare to other European countries?

Exhibit F: Impact of real estate-related activities on GDP Figure 2 Impact of real estate-related activities on GDP (percent) by country 30% China 25% U.K. 20% Japan France Spain US Finland 15% Germany Korea Netherlands 10% Ireland 5% 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017