The latest report of the General Comptroller of the Republic details that only in May of this year the cost of new constructions, additions and repairs totaled $82 million, 17% below the figure for the same month in 2018.

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Between the first five months of 2018 and the same period in 2019, the total cost of construction increased from $548 million to $404 million, a 26% decrease.

Also see "Cement: More Business between Central America and Mexico”

From January to May of this year, Panama was the province with the highest cost of new construction, additions and repairs reported, with a total of $219 million. Arraijan and Colon followed, with $50 million and $30 million, respectively.

Regarding gray cement production, the report indicates that for the periods concerned there was a 9% decrease, falling from 705 thousand tons in the first five months of 2018 to 640 thousand tons in the same period of 2019.

See report of the General Comptroller of the Republic.

More on this topic

Panama: Construction Investment Declines 14%

September 2019

Construction activity continues to decline, with $683 million in new construction, additions and repairs reported from January to July 2019, 14% less than the same period in 2018.

According to the latest report of the General Comptroller of the Republic, in July of this year the cost of new constructions, additions and repairs totaled $173 million, 10% below the figure for the same month in 2018. 


Construction Fell 23% up to July 2019

August 2019

Construction activity does not recover in Panama, since from January to June 2019 $510 million were reported in new constructions, additions and repairs, 23% less than in the same period of 2018.

According to data from the General Comptroller of the Republic, in June of this year the cost of new constructions, additions and repairs totaled $106 million, 7% below the figure for the same month in 2018.

Panama: Construction Falls by 28%

June 2019

At the end of the first quarter of 2019, the cost of new construction, additions and repairs fell 28% compared to the same period in 2018.

The latest data from the General Comptroller of the Republic details that only in April of this year the cost of new construction, additions and repairs totaled $79 million, an amount that is 36% lower than that reported in the same month of 2018.

Panama: Construction Continues in Alarming Numbers

October 2018

The cost of new construction, additions, and repairs fell 39% in the first eight months of 2018 compared to the same period in 2017, confirming the trend shown since last year.

The most recent figures from the Comptroller General of the Republic detail that between January and August of this year the cost of new constructions, additions, and repairs reached $917 million, and the number of projects for which construction licenses were granted was 6.489.