Building Permits
Asia Ranking
Source: IMF
Definition of Building Permits
Building permits are authorizations granted by a government or another regulatory body before the construction of a new building can legally occur.
| Current Rank | Country | Value | Latest Reading | Previous Rank | Previous Value |
|---|---|---|---|---|---|
| 1 | Japan | 73693 | 3-2023 | 1 | 67249 |
| 2 | Philippines | 37270 | 3-2022 | 2 | 38263 |
| 3 | Taiwan | 8605 | 1-2023 | 3 | 12670 |
| 4 | South Korea | 6575 | 6-2022 | 4 | 7414 |
| 5 | Singapore | 5363 | 3-2023 | 5 | 2376 |
| 6 ↑ | Hong Kong | 43 | 3-2023 | 7 | 28 |
| 7 ↓ | Macao | 38 | 3-2023 | 6 | 53 |
Building permits are authorizations granted by a government or another regulatory body before the construction of a new building can legally occur.
