Empirical Study on the Contribution of the Construction Industry in Guangdong Province

This paper is to discuss the correlation between the trend of proportion of construction industry output value in Guangdong province, gross product of construction industry and Guangdong’s GDP base on statistical data of 1989–2012. What is more, this paper measures the construction industry’s contribution to the provincial economic using industry contribution model combining their trend of rate of increase. The result shows that, although the supporting function of construction industry lag behind relatively, yet the construction industry promote other industries’ development hugely which means that the construction industry has significant influence on Guangdong’s overall economy. The contribution index of construction industry, is merely 0.3701, shows that the contribution of construction industry presents a negative state. We suggest that the government should take a series of related measures which can provide good macroscopic development environment for construction and improve the level of the development of construction industry, in order to encourage the construction industry make more contribution for the province’s overall economic.