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FMDS0910 Cost
FMDS0910 Cost
Table of Contents
Page Page
EUROPE 3 AFRICA 28
AUSTRIA ................................................ 3 SOUTH AFRICA .................................. 28
BELGIUM ............................................... 4 ASIA 29
CROATIA................................................ 4 CHINA .................................................. 29
CZECH REPUBLIC ................................ 5 HONG KONG ....................................... 30
DENMARK ............................................. 6 INDIA.................................................... 31
FINLAND ................................................ 7 JAPAN.................................................. 32
FRANCE ................................................. 8 MALAYSIA ........................................... 33
GERMANY ............................................. 9 SOUTH KOREA ................................... 34
GREECE .............................................. 13 PHILIPPINES ....................................... 35
HUNGARY ........................................... 13 SINGAPORE ........................................ 36
REPUBLIC OF IRELAND .................... 14 TAIWAN - Republic of China ............... 37
ITALY.................................................... 15 THAILAND ........................................... 38
LUXEMBOURG .................................... 16 TURKEY* ............................................. 38
NETHERLANDS ................................... 16 AUSTRALIASIA 39
NORWAY ............................................. 17 AUSTRALIA ......................................... 39
POLAND ............................................... 18 NEW ZEALAND ................................... 45
PORTUGAL .......................................... 18 SOUTH AMERICA 46
RUSSIAN FEDERATION ..................... 19 ARGENTINA ........................................ 46
SLOVAKIA ............................................ 20 BRAZIL................................................. 47
SLOVENIA ........................................... 20 CHILE................................................... 48
SPAIN ................................................... 21 COLOMBIA .......................................... 49
SWEDEN .............................................. 22 NORTH AMERICA 50
SWITZERLAND .................................... 23 MEXICO ............................................... 50
UNITED KINGDOM .............................. 24
CARIBBEAN 27 * The Republic of Turkey is a Eurasian country that straddles both the
European and Asian Continents
PUERTO RICO .................................... 27
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9-10
Rest of World Cost Trends 17-19
Page 2 FM Global Property Loss Prevention Data Sheets
The Rest of World Cost Trends are a compilation by Appraisal Services of various country cost/price indexes.
These are indexes as published by private institutions and government statistical agencies, with acknowledgment to this effect,
where appropriate.
Appraisal Services feels that these indexes serve as a reasonable guide to inflationary trends in building and equipment costs at
locations throughout the world.
These indexes are for use with local currencies. For countries where little equipment is manufactured, such as Hong Kong and
Singapore, and/or for locations with a high percentage of imported equipment, it is more accurate and preferable to consider the
trend of the country from which the machinery is purchased.
For example: German equipment should be trended only with the appropriate German Cost Trend.
Consideration should also be given for the currency exchange rates between the country of manufacture and the country where the
property is located and operating.
For example: If a Swiss company purchases German equipment in Euros and then adds it to their asset records in Euros, the use of
the appropriate German index is all that is required.
If, however that Swiss Company purchases German equipment in Euros but adds the equipment to their asset records in Swiss
Francs then a conversion from Swiss Francs to Euros must be made, as of the original date of purchase, then the appropriate
German index is applied. After trending the Euro value must then be converted back to Swiss Francs as of the current date.
Each Rest of World cost trend table contains three data columns,
1. The effective month and year, or quarter and year of the index,
3. and a multiplier.
The multiplier is the factor that should be multiplied by the earlier building or equipment cost to adjust that cost to the most recent
date in the table.
To adjust original costs from an earlier date to a date other than the most recent date a different multiplier must be calculated. To do
so divide the index number of the later date by the index number of the earlier date. Then multiply the result by the earlier building or
equipment cost.
For Example: Estimate the cost of a Danish building in December 2007 that was built in 1999 for 1,000,000 DKr:
Original 1999 cost in DKr x (December 07 index/1999 index) = December 2007 cost in DKr.
1,000,000 DKr x 1.27 (88.7/69.8) = 1,270,000 Dkr
An increase of 27%
For any questions, comments and/or technical support please contact Appraisal Services at (401) 275-3000 ext. 2041, or an E-mail
to ‘Appraisal.Services@fmglobal.com’.
EUROPE
EUROPE
EUROPE
EUROPE
EUROPE
EUROPE
EUROPE
EUROPE
EUROPE
EUROPE
Chemical Industry
(Chemical Index)
2015 = 100
Month/Year Index Multiplier
1990 63.1 1.66
1991 67.3 1.56
1992 71.2 1.47
6/93 71.6 1.46
12/93 80.7 1.30
6/94 74.0 1.41
12/94 74.3 1.41
6/95 75.0 1.39
12/95 76.6 1.37
6/96 78.4 1.33
12/96 79.5 1.32
6/97 80.5 1.30
12/97 81.5 1.28
6/98 82.1 1.27
12/98 81.0 1.29
6/99 79.7 1.31
12/99 79.1 1.32
6/00 81.2 1.29
12/00 83.4 1.25
6/01 85.2 1.23
12/01 84.3 1.24
6/02 85.0 1.23
12/02 84.3 1.24
6/03 85.3 1.23
12/03 84.0 1.25
6/04 86.5 1.21
12/04 85.4 1.23
6/05 87.1 1.20
12/05 89.1 1.17
6/06 88.5 1.18
12/06 91.4 1.14
7/07 92.5 1.13
12/07 93.4 1.12
6/08 94.4 1.11
12/08 95.3 1.10
6/09 94.2 1.11
12/09 93.1 1.12
6/10 94.6 1.11
12/10 97.8 1.07
6/11 102.5 1.02
12/11 104.9 1.00
6/12 106.9 0.98
12/12 107.1 0.98
6/13 107.1 0.98
12/13 104.5 1.00
6/14 103.7 1.01
12/14 103.7 1.01
6/15 99.9 1.05
12/15 100.5 1.04
6/16 96.8 1.08
12/16 97.7 1.07
6/17 101.8 1.03
12/17 101.2 1.03
6/18 102.8 1.02
12/18 104.6 1.00
EUROPE
GREECE
Producer Price Index
Construction Cost Index
Industry
2010 = 100
2010 = 100
EUROPE
EUROPE
ITALY Costo della Construz. Macchine Utensili per La Lavor. Dei Metalli
Fabbrka non resid. Utensileria e Utensili per Macchine
EUROPE
LUXEMBOURG NETHERLANDS
Residential Machine Industrie Total Mche, Tool
Building Cost Index
Index of Producer Prices
2007 = 100
Building Cost Index 2007 = 100
1970 = 100 Year Index Multiplier Year Index Multiplier
Ave./Year Index Multiplier 1991 70.8 1.83 1991 69.3 1.70
1988 370.7 2.10 1992 70.1 1.85 1992 71.4 1.65
1989 391.6 1.99 1993 70.8 1.83 1993 73.4 1.61
1990 411.9 1.89 1994 73.0 1.77 1994 73.9 1.60
1991 431.8 1.80 1995 73.0 1.77 1995 74.5 1.58
1992 461.7 1.68 1996 73.0 1.77 1996 76.8 1.54
1993 468.2 1.66 1997 74.4 1.74 1997 79.9 1.48
1994 473.9 1.64 1998 73.0 1.77 1998 82.5 1.43
1995 482.6 1.61 1999 80.4 1.61 1999 83.7 1.41
1996 487.0 1.60 2000 89.9 1.44 2000 85.7 1.38
1997 494.1 1.57 2001 85.7 1.51 2001 91.1 1.30
1998 503.3 1.55 2002 86.8 1.49 2002 93.3 1.26
1999 513.8 1.51 2003 89.2 1.45 2003 95.1 1.24
2000 529.7 1.47 2004 91.2 1.42 2004 95.9 1.23
2001 552.2 1.41 6/05 94.3 1.37 6/05 97.2 1.21
2002 566.5 1.37 12/05 97.1 1.33 12/05 97.5 1.21
2003 577.9 1.35 6/06 97.3 1.33 6/06 99.2 1.19
2004 594.9 1.31 12/06 98.9 1.31 12/06 99.6 1.18
2005 613.3 1.27 6/07 101.0 1.28 6/07 100.4 1.18
2006 629.6 1.24 12/07 101.6 1.27 12/07 104.0 1.13
2007 649.2 1.20 6/08 102.6 1.26 6/08 105.1 1.12
2008 669.9 1.16 12/08 109.4 1.18 12/08 104.6 1.13
2009 688.4 1.13 6/09 109.9 1.18 6/09 105.1 1.12
2010 661.7 1.18 12/09 109.9 1.18 12/09 105.4 1.12
2011 682.7 1.14 6/10 110.6 1.17 6/10 106.2 1.11
2012 701.7 1.11 12/10 112.0 1.16 12/10 107.2 1.10
2013 711.0 1.09 6/11 112.2 1.15 6/11 108.3 1.09
2014 716.3 1.09 12/11 113.8 1.14 12/11 109.9 1.07
2015 718.0 1.08 6/12 113.8 1.14 6/12 110.8 1.06
2016 718.9 1.08 12/12 115.1 1.12 12/12 111.5 1.06
2017 732.7 1.06 6/13 116.4 1.11 6/13 111.9 1.05
2018 756.9 1.03 12/13 116.7 1.11 12/13 112.0 1.05
2019 777.9 1.00 6/14 117.5 1.10 6/14 113.0 1.04
12/14 118.2 1.09 12/14 113.8 1.04
Source: Bulletin du Statec 6/15 118.4 1.09 6/15 113.8 1.04
Annual Index starting in 2003 12/15 118.7 1.09 12/15 113.8 1.04
6/16 119.5 1.08 6/16 113.9 1.04
12/16 119.5 1.08 12/16 113.9 1.04
6/17 121.1 1.07 6/17 115.7 1.02
12/17 123.7 1.05 12/17 116.3 1.01
6/18 129.4 1.00 6/18 118.0 1.00
Source of both tables: Troostwijk Taxaties
EUROPE
EUROPE
EUROPE
EUROPE
EUROPE
EUROPE
EUROPE
EUROPE
UNITED KINGDOM
Buildings Cost Index Food Process Plant
2010 = 100 2010 = 100
EUROPE
EUROPE
CARIBBEAN
AFRICA
ASIA
ASIA
ASIA
ASIA
ASIA
ASIA
SOUTH KOREA Indexes of Construction Materials Wholesale Price Index Machinery &
2010 = 100 Equipment 2010 = 100
ASIA
ASIA
SINGAPORE
Relatively little heavy Building Materials Goods Manufactured Goods
equipment is manufactured. Average 2010 = 100 Average 2012 = 100
The effect of inflation on
equipment prices is most Month/Year Index Multiplier Month/Year Index Multiplier
accurately reflected by 1993 90.2 1.10 1994 116.3 0.83
consideration of the trend of 1994 89.8 1.10 1995 118.3 0.81
the country from which the 1995 91.4 1.08 1996 116.0 0.83
machinery is purchased, 1996 91.0 1.09 1997 111.7 0.86
1997 90.6 1.09 1998 106.6 0.90
coupled with proper
1998 86.0 1.15 1999 102.9 0.93
consideration for the trend
1999 84.8 1.17 2000 96.7 0.99
of currency relationships 2000 85.4 1.16 2001 96.5 1.00
between the importing and 2001 85.5 1.16 2002 96.4 1.00
exporting nations. 2002 85.7 1.15 2003 95.5 1.01
2003 86.6 1.14 2004 95.1 1.01
2004 90.2 1.10 2005 95.0 1.01
2005 92.4 1.07 2006 94.7 1.01
2006 101.3 0.98 2007 92.7 1.04
2007 106.9 0.93 2008 92.2 1.04
2008 119.8 0.83 2009 94.6 1.02
2009 101.1 0.98 2010 99.6 0.96
2010 100.0 0.99 2011 100.3 0.96
2011 99.6 0.99 2012 98.4 0.98
2012 99.8 0.99 6/13 103.3 0.93
2013 104.6 0.95 12/13 103.0 0.93
2014 106.8 0.93 6/14 103.69 0.93
2015 104.0 0.95 12/14 102.14 0.94
2016 98.0 1.01 6/15 95.4 1.01
2017 96.7 1.02 12/15 96.6 1.00
Q3 2017 96.6 1.02 6/16 96.3 1.00
Q1 2018 97.4 1.02 12/16 94.68 1.01
Q3 2018 98.9 1.00 6/17 96.4 1.00
12/17 96.5 1.00
6/18 96.5 1.00
12/18 96.1 1.00
Source of both tables: ‘‘Monthly Digest of Statistics’’, Singapore Department of Statistics
ASIA
TAIWAN -
Input Price of Construction General Index Wholesale Price Index Machinery & Equipment
Republic
Average 2016 = 100 Average 2016 = 100
of
Month/Year Index Multiplier Month/Year Index Multiplier
China 2001 64.3 1.67 2001 91.7 1.15
2002 65.7 1.63 2002 89.1 1.18
1/03 67.0 1.60 1/03 91.1 1.16
7/03 68.5 1.56 7/03 92.1 1.14
1/04 73.2 1.46 1/04 96.6 1.09
7/04 79.0 1.36 7/04 96.6 1.09
1/05 79.1 1.35 1/05 101.8 1.04
7/05 78.1 1.37 7/05 98.4 1.07
1/06 79.6 1.35 1/06 101.8 1.04
7/06 86.6 1.24 7/06 101.8 1.04
1/07 87.9 1.22 1/07 107.6 0.98
7/07 92.8 1.15 7/07 109.9 0.96
1/08 98.7 1.08 1/08 113.9 0.93
7/08 112.1 0.96 7/08 116.7 0.90
1/09 97.1 1.10 1/09 103.1 1.02
7/09 95.5 1.12 7/09 104.1 1.01
1/10 97.1 1.10 1/10 105.7 1.00
7/10 98.7 1.09 7/10 109.2 0.96
1/11 101.1 1.06 1/11 108.9 0.97
7/11 102.4 1.05 7/11 112.4 0.94
1/12 102.8 1.04 1/12 113.0 0.93
7/12 103.4 1.04 7/12 110.3 0.96
1/13 102.9 1.04 1/13 107.2 0.98
7/13 102.2 1.05 7/13 111.2 0.95
1/14 103.7 1.03 1/14 109.5 0.96
7/14 105.4 1.02 6/14 110.5 0.95
1/15 104.0 1.03 1/15 107.6 0.98
7/15 101.5 1.05 6/15 102.2 1.03
1/16 99.4 1.08 1/16 101.2 1.04
7/16 100.0 1.07 6/16 97.9 1.08
1/17 101.7 1.05 12/16 98.5 1.07
7/17 101.6 1.05 6/17 98.1 1.07
1/18 104.4 1.03 12/17 100.7 1.05
6/18 105.3 1.02 6/18 103.0 1.02
1/19 107.1 1.00 12/18 105.4 1.00
ASIA
THAILAND
Industrial Equipment
2005 = 100
Month/Year Index Multiplier
1998 80.8 1.55
1999 78.3 1.60
2000 81.6 1.54
2001 83.2 1.51
2002 84.0 1.49
2003 86.5 1.45
2004 90.5 1.38
6/05 96.2 1.30
10/05 100.3 1.25
6/06 102.0 1.23
10/06 101.1 1.24
6/07 103.6 1.21
10/07 106.9 1.17
2008 118.8 1.05
6/09 109.3 1.15
10/09 114.6 1.09
6/10 119.3 1.05
10/10 119.5 1.05
6/11 128.7 0.97
10/11 129.4 0.97
6/12 128.9 0.97
10/12 129.8 0.97
6/13 128.4 0.98
12/13 130.3 0.96
6/14 129.3 0.97
12/14 125.3 1.00
Source: UN Monthly Bulletin of Statistics, Producer Price Index
Data not available earlier than the year 1998.
Publication of UN data varies and does not always follow a consistent schedule
AUSTRALIASIA
AUSTRALIA
Building Cost Index
Food and Beverages
Non-Housing
Sept 2012 = 100
Sept 2012 = 100
Month/Year Index Multiplier Month/Year Index Multiplier
6/00 65.5 1.69 6/00 71.9 1.56
12/00 65.5 1.69 12/00 73.0 1.54
6/01 64.8 1.70 6/01 77.3 1.45
12/01 65.6 1.68 12/01 79.4 1.42
6/02 66.9 1.65 6/02 78.7 1.43
12/02 67.9 1.63 12/02 78.7 1.43
6/03 70.8 1.56 6/03 79.2 1.42
12/03 73.3 1.51 12/03 78.4 1.43
6/04 78.3 1.41 6/04 77.4 1.45
12/04 81.8 1.35 12/04 81.3 1.38
6/05 84.7 1.30 6/05 81.0 1.39
12/05 86.1 1.28 12/05 82.4 1.36
6/06 88.6 1.25 6/06 84.6 1.33
12/06 91.2 1.21 12/06 85.9 1.31
6/07 93.8 1.18 6/07 86.5 1.30
12/07 96.4 1.15 12/07 88.6 1.27
6/08 100.4 1.10 6/08 96.1 1.17
12/08 101.3 1.09 12/08 102.9 1.09
6/09 96.9 1.14 6/09 96.7 1.16
12/09 96.1 1.15 12/09 96.7 1.16
6/10 96.7 1.14 6/10 98.9 1.14
12/10 98.8 1.12 12/10 99.1 1.13
6/11 100.2 1.10 6/11 101.6 1.11
12/11 100.3 1.10 12/11 100.8 1.12
6/12 99.9 1.11 6/12 99.6 1.13
12/12 99.9 1.11 12/12 98.7 1.14
6/13 101.0 1.09 6/13 99.7 1.13
12/13 100.3 1.10 12/13 99.4 1.13
6/14 102.2 1.08 6/14 103.6 1.08
12/14 102.2 1.08 12/14 103.8 1.08
6/15 102.8 1.07 6/15 107.3 1.05
12/15 103.6 1.07 12/15 108.6 1.03
6/16 104.6 1.06 6/16 108.1 1.04
12/16 105.1 1.05 12/16 110.0 1.02
6/17 106.5 1.04 6/17 111.0 1.01
12/17 110.5 1.00 12/17 116.6 0.96
6/18 108.2 1.02 6/18 110.4 1.02
12/18 110.4 1.00 12/18 112.4 1.00
AUSTRALIASIA
AUSTRALIA
Textiles Wood Products
Sept 2012 = 100 Sept 2012 = 100
AUSTRALIASIA
AUSTRALIA
Paper and Paper Products Printing
Sept 2012 = 100 Sept 2012 = 100
AUSTRALIASIA
AUSTRALIA
Chemicals Rubber and Plastics
Sept 2012 = 100 Sept 2012 = 100
AUSTRALIASIA
AUSTRALIA
Metal Products Electronics
Sept 2012 = 100 Sept 2012 = 100
AUSTRALIASIA
AUSTRALIA
Mining
Sept 2012 = 100
AUSTRALIASIA
NEW ZEALAND
General Price Index
Building Cost Index Machinery, Metal Product
Sept 2010 = 1000 Input Price
Sept 2010 = 1000
SOUTH AMERICA
ARGENTINA
Industrial Equipment
Sept 2010 = 100
SOUTH AMERICA
SOUTH AMERICA
SOUTH AMERICA
NORTH AMERICA