Panama: Construction Investment Declines 14%

Construction activity continues to decline, with $683 million in new construction, additions and repairs reported from January to July 2019, 14% less than the same period in 2018.

Monday, September 2, 2019

According to the latest report of the General Comptroller of the Republic, in July of this year the cost of new constructions, additions and repairs totaled $173 million, 10% below the figure for the same month in 2018. 


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Between the first seven months of 2018 and the same period in 2019, the total cost of construction increased from $793 million to $683 million, a 14% drop.

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From January to July of this year, Panama was the province with the highest cost of new construction, additions and repairs reported, with a total of $428 million. It was followed by La Chorrera, Colón and Arraiján, with $79 million, $59 million and $58 million, respectively. 



See report of the General Comptroller of the Republic.

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More on this topic

Panama: Construction Starts 2020 Successfully

March 2020

In January 2020, investment in new construction, additions and repairs amounted to $109 million, 53% more than reported in the same period last year.

This increase occurs in an unfavorable context, since last year the construction activity in the country continued to decline for the second consecutive period, since between 2018 and 2019 the total investment fell 14%, a rate lower than that reported between 2017 and 2018, of -39%.

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: 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.

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.

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