Construction: More Private Investment than Public Investment

In 2017 in the Dominican Republic, private investments in the construction sector totaled $750 million, above the $687 million reported by the government.

Wednesday, September 19, 2018

The Dominican Chamber of Construction presented the "Study of the Economic and Labor Impact of the Construction Industry", which details that in the last ten years construction has been the second largest sector of the Dominican economy. In 2017 it represented almost 10% of nominal GDP (US $7,455 MM).

See also "Construction: Upcoming Works in Central America"

The fiscal contribution of the construction sector amounts to almost $164 million a year (2017), mostly through the payment of taxes on income. The construction sector makes local purchases for more than $1.839 billion a year, mainly from the services sector (commerce, financial intermediation and transportation) and the industrial sector (construction and manufacturing), a statement from the union says.

See also "Cement: Regional purchases up 9%"

83% of private investment in construction in the period 2014 - 2017 was concentrated in the National District, Santo Domingo and Santiago. Private investment in construction has increased in recent years while construction permits granted have been decreasing. 

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More on this topic

Construction in Nicaragua: Pessimism at the End of 2020

November 2020

Since the beginning of the political crisis in 2018, the activity began to decline, the trend continued in 2019 and by 2020 the expectation is that the fall in investments in the sector will be more acute, mainly private ones.

Official data indicates that between 2017 and 2018 investment in private construction projects decreased by 17%, from $1,106 million to $914 million.

Private Construction: Worst Figures in Seven Years

March 2019

During 2018, private construction investments in Panama totaled close to $900 million, the lowest value recorded since 2011.

The Directorate of Statistics and Special Studies of the Panamanian Chamber of Construction (CAPAC), reported that the amount of private sector investment in 2018 totaled $900.9 million, representing a decrease of more than 50% in private construction activity compared to what was reported in 2017, when spending amounted $1,832.3 million.

Good Year for Construction

November 2018

Because licensing is proceeding faster, private projects are rebounding in Guatemala and the sector in general expects to close 2018 with a 3% increase.

Representatives of the Guatemalan Chamber of Construction (CGC), explained that the positive behavior of the sector this year is because of the liberalization of licenses for the construction of projects that were pending to be authorized and new investments made.

Public-Private Partnerships Not Being Leveraged

December 2017

In the four years that the law of associations between the State and private companies in El Salvador has been in effect, not a single infrastructure project has been able to materialize using this business scheme.

Although there are at least seven infrastructure projects that were initially proposed as being those with the highest priority and ideals to be developed under the public-private partnership scheme and with funding from Fomilenio II, none of them has managed to materialize. 

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