Construction: Investment Falls 9% up to October 2019

Construction activity in Panama continues to decline, as in the first ten months of the year were reported $1,016 million in new construction, additions and repairs, 9% less than in the same period in 2018.

Tuesday, December 3, 2019

The most recent report of the General Comptroller of the Republic, explains that in October of this year the cost of new constructions, additions and repairs totaled $131 million, which is identical to the amount reported in the same month of 2018.

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Between the first ten months of 2018 and the same period of 2019, the total cost of construction went from $1.122 million to $1.016 million, which is equivalent to a fall of 9%.

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From January to October of this year, Panama was the province with the highest cost of new construction, additions and repairs reported, with a total of $654 million. Arraijan and Colon followed, with $87 million and $72 million, respectively.

See report of the General Comptroller of the Republic.

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More on this topic

Panama: Construction Falls 13% up to November 2019

January 2020

Construction activity in the country continues to decline, since between January and November last year, $1072 million were reported in new construction, additions and repairs, 13% less than the same period in 2018.

The last report of the General Comptroller of the Republic, explains that in November this year the cost of new construction, additions and repairs totaled $56 million, which is 47% less than that reported in the same month of 2018.

Construction in Panama Still at Risk

January 2019

Consistent with the trend reported two years ago, in the first eleven months of 2018 the cost of new construction, additions and repairs fell 39% over the same period in 2017.

The latest report of the General Comptroller of the Republic details that between January and November of this year the cost of new construction, additions and repairs totaled $1.227 million, and the number of projects for which construction permits were granted was 9.858.

Construction in Panama: Negative Figures Persist

November 2018

Consistent with the trend reported since last year, in the first ten months of 2018, the cost of new construction, additions and repairs fell 38% over the same period in 2017.

The latest report from the General Comptroller details that between January and October of this year the cost of new constructions, additions and repairs totaled $1.122 million, and the number of projects for which construction permits were granted was 8,615.

Construction Still Not Recovered

July 2018

In the first five months of 2018 the cost of new construction, additions and repairs in Panama fell by 41% compared to the same period in 2017, going from $784 million to $456 million.

The most recent figures from the Comptroller General of the Republic confirm what has been observed in the Panamanian market since last year: a constant decline in the number and value of new construction projects. 

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