Nicaragua: Construction Plans to Recover in 2011
The construction sector expects this year to be close to 2009 levels and projects growth for 2011.
Monday, November 8, 2010
In 2008 the sector contributed to Gross Domestic Product (GDP) $ 420 million, in 2009 fell to $ 330 million. Mario Zelaya, president of the Nicaraguan Chamber of Construction, said they expect the 2010 figure to be close to 2009 and projections for 2011 is $ 400 million.
This year, the construction industry will contribute $60 million less to the country's Gross Domestic Product (GDP).
In the first three months of the year, the construction industry registered 31% less activity than in the same period of 2009.
During the last year and half, there has been a 40% loss in employment in the formal sector, and of that figure, 20% was from this year.
Nicaraguan businessmen in the construction industry are basing their optimism for 2013 on various public infrastructure projects, power plants, and buildings for offices or homes.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar