Construction in Panama: Negative Figures Persist

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.

Friday, November 30, 2018

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.

You may be interested in "Construction: $340 million in Educational Projects"

Figures of the first ten months are far from those reported up to October last year, when the projects' value exceeded $1.808 million, and the number of projects exceeded 10,000.

Also see "Public Works: $1.1 Billion in New Projects"

During the first ten months of this year, Panama was the province recording the highest cost of new construction, additions and repairs reported, with $739 million total and a million 130 thousand square meters. Followed by La Chorrera, Arraiján and Colón, with $100 million, $86 million and $85 million, respectively.

See General Comptroller's report.

Are you interested in construction projects in Central America?

Receive information about our monthly report including a complete list of all the major and most important construction projects seeking government authorization.

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423

CentralAmericaData is the leading B2B market research company in Central America. We specialize in compiling, validating and analyzing data from the economic activities in Central American and South American countries, along with Mexico. We provide our clients and companies with presence in the region relevant information to define business strategies and make adequate decisions. Learn more about our services here



More on this topic

Construction: Investment Falls 9% up to October 2019

December 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.

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.

Panama: Construction Figures at the Beginning of 2019

March 2019

Consistent with the trend of the last two years, in the first month of 2019 the cost of new construction, additions and repairs fell 39% compared to January 2018.

The most recent report of the General Comptroller of the Republic details that in January of this year the cost of new constructions, additions and repairs totaled $71 million, and the number of projects for which construction permits were granted was 998.

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 Continue

November 2018

In the first nine months of 2018, the cost of new construction, additions and repairs decreased 40% with respect to the same period in 2017, reaffirming the trend shown since last year.

The latest figures from the General Comptroller detail that between January and September of this year the cost of new constructions, additions and repairs totaled $991 million, and the number of projects for which construction permits were granted was 7,557.

 close (x)

Receive more news about Infrastructure & Construction

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


AES Changuinola

In late 2005, AES began developing the Changuinola hydro power project and currently the project is in the phase of building the roadways to access that facility. The formal cornerstone laying ceremony took place on October 25, 2007. The project's total completion represents an investment of approximately $563 million and the estimated date for the Changuinola hydro power plant to go into commercial operation is the first quarter of 2011. Through this new facility, AES contributes to the country's development and helps face the growing demand of energy in Panama, which requires an additional 50 MW each year. The construction of the new Changuinola I Hydro Power Plant: * is an asset to Panama * will generate clean and 100% Panamanian energy * will create opportunities for previously excluded populations * will contribute to solve the country's energy situation * will help Panama to continue growing The construction and operation of the hydro power plant will be under the responsibility of AES, a multinational energy corporation with world-class standards and an active presence in Panama.
Operates in Panama
Phone: (507) 206-2600

Company Profile

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Feb 19)
Brent Crude Oil
58.230
Coffee "C"
109.5
Gold
1,611
Silver
18.37