Construction grew 54.5% in June in Panama

The value of construction, repair, and extension permits approved during the first half of the year was at $829.8 million.

Wednesday, August 20, 2008

Most of the investments are located in the district of Panama, with $675 million (58.5% more than the year before); this is followed by Arraijan, which, with $44 million, had the biggest increase in the country (161.3%).

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$918 million in Approved Building Permits

September 2012

In the first seven months of the year the value of approved construction projects amounted to $918 million, 45.3% more than in the same period last year.

This July alone, the total approved exceeded $151 million, representing a 140% increase compared to July 2011.

Of the total number of permits approved $705 million worth was for projects to be developed in the capital, being mostly non-residential.

Panama: 2009 Results by Sector

December 2009

The country's economy grew a remarkable 2.5%, fueled mostly by the construction industry and domestic demand.

On the other side, agriculture was one of the sectors most affected by the crisis, specially by the drop in foreign demand, and by losing a series of tariff benefits under the European SGS-Plus system.

Panama's Economy Grew 7.5% in 2010

March 2011

The Panamanian Economy grew 7.5% in 2010, reaching a gross domestic product (GDP) of $ 20.862.000.

Production of goods and services in Panama saw an increase of 7.5 percent over the previous year.

GDP at constant value of 1996 prices, according to INEC estimates, registered $ 20,862.9 million, showing an annual increase of $ 1.448.8 million.

Fall in Expectations for Construction in Guatemala

April 2013

The Bank of Guatemala's growth forecast of 7.7% has been adjusted to 5.9%, while the Guatemalan Chamber of Construction forecasts 2.9%.

Edgar Barquin, president of the Bank of Guatemala (Banguat), explained that this decision was made based on surveys which reflect employers' decisions about investing, as well as budget execution data, projections and plans by the Government, entry of foreign investment, authorized licenses for construction granted by municipalities, and building spaces.

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