Panama: Construction Falls by 28%

At the end of the first quarter of 2019, the cost of new construction, additions and repairs fell 28% compared to the same period in 2018.

Wednesday, June 26, 2019

The latest data from the General Comptroller of the Republic details that only in April of this year the cost of new construction, additions and repairs totaled $79 million, an amount that is 36% lower than that reported in the same month of 2018.

You may be interested in "Construction: Upcoming Projects in the Region"

Between the first quarter of 2018 and the same period in 2019, the total cost of construction went from $449 million to $322 million, which is equivalent to a fall of 28%.

Also see "Cement: More Business between Central America and Mexico

In January and April of this year, Panama was the province that recorded the highest cost of new construction, additions and repairs reported, with a total of $175 million. Arraijan and Colon followed, with $34 million and $29 million, respectively.

Regarding gray cement production, the report indicates that for the periods concerned there was a decrease of 13%, dropping from 597 thousand tons in the first four months of 2018 to 518 thousand tons in the same period of 2019.

See report of the General Comptroller of the Republic.

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More on this topic

Construction: investments Under 11%

October 2019

Construction activity in Panama continues to fall, with $819 million in new construction, additions and repairs reported from January to August 2019, 11% less than in the same period in 2018.

According to the latest report of the General Comptroller of the Republic, in August of this year the cost of new constructions, additions and repairs totaled $136 million, 10% more than the data recorded in the same month of 2018.

Construction Fell 23% up to July 2019

August 2019

Construction activity does not recover in Panama, since from January to June 2019 $510 million were reported in new constructions, additions and repairs, 23% less than in the same period of 2018.

According to data from the General Comptroller of the Republic, in June of this year the cost of new constructions, additions and repairs totaled $106 million, 7% below the figure for the same month in 2018.

Construction: Poor Performance Continues in Panama

July 2019

From January to May 2019, the cost of new construction, additions and repairs totaled $404 million, 26% less than the same period in 2018.

The latest report of the General Comptroller of the Republic details that only in May of this year the cost of new constructions, additions and repairs totaled $82 million, 17% below the figure for the same month in 2018.

Panama: Construction Continues in Alarming Numbers

October 2018

The cost of new construction, additions, and repairs fell 39% in the first eight months of 2018 compared to the same period in 2017, confirming the trend shown since last year.

The most recent figures from the Comptroller General of the Republic detail that between January and August of this year the cost of new constructions, additions, and repairs reached $917 million, and the number of projects for which construction licenses were granted was 6.489.

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