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. 


You may be interested in "Construction: Next Investments in Central America

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.

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

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.

Are you interested in construction projects in Central America?

Keep track of all the projects that will be developed in the region through our online interactive Construction Platform. More info here

More on this topic

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.

Panama: Construction Drops 40%

August 2018

From July 2018, the cost of new construction, additions and repairs in Panama fell by 40% compared to the same period in 2017, reaffirming a trend seen since last year.

The most recent figures from the Comptroller General of the Republic detail that between January and July of this year the cost of new construction, additions and repairs totaled $793 million, and the number of projects for which construction permits were granted was 5,033. These figures are far from those reported up to July of last year, when the value of projects exceeded $1.1 billion, and the number of projects exceeded 8,000.

 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


Stock Indexes

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

Commodities

(Oct 13)
Brent Crude Oil
60.18
Coffee "C"
97.100
Gold
1,485
Silver
17.455