Panama: Improved Construction Figures Up to April 2017

At the end of the first quarter, the value of new construction, additions and repairs amounted to $796 million, almost 20% more than in the same period in 2016.

Wednesday, May 31, 2017

The value of new construction, additions and repairs recorded in April was $226 million, an increase of 47% compared to the value registered in the same month in 2016.

See: "$106 million Residential Development"

"... Of the total value of permits approved between January and April of this year, $419 million corresponded to residential works, and $377 million to non-residential projects, such as commercial, industrial or corporate developments, among others."

See: "Road Projects for $97 million"

Prensa.com reports that "...In the view of the president of the Panamanian Chamber of Construction Iván De Ycaza, the figures reported in the first phase of the year are positive, but they could be misleading, because in some projects they are waiting for the summer period in order to start works such as earthworks and laying foundations."

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More on this topic

Panama: $1.5 Billion in New Construction

October 2017

In the first eight months of the year, the value of construction permits, additions and repairs totaled $1,502 million, 28% more than in the same period in 2016.

The most recent as figures from the Comptroller General's Office detail that the value of new construction, additions and repairs reported between January and August exceeded $1.5 billion, 28% more than the $1,173,000 recorded in the same period in 2016.

Panama: Construction Figures Up to May 2017

July 2017

In the first five months of the year, the value of new constructions, additions and repairs amounted to $967 million, 24% more than in the same period in 2016.

Figures compiled by the Office of the Comptroller General show that the value of new constructions, additions and repairs between January and May reached $967 million, led by the province of Panama, with $659 million, followed by David, Santiago, Chitré, Aguadulce and La Chorrera, with $125 million.

Panama: Improvement in Construction Figures Up to March 2017

May 2017

At the end of the first quarter, the value of new constructions, additions and repairs amounted to $567 million, 10% more than in the same period in 2016.

The figures compiled by the Office of the Comptroller General detail that the value of new construction, additions and repairs in the first quarter of the year reached $567 million, led by the province of Panama, with $343 million. 

Panama: Construction Falls 15%

October 2016

The value of buildings, additions and repairs reported between January and August 2016 fell by 15% compared to the same period in 2015.

Figures from the Office of the Comptroller General of Colombia revealed that July was the month that recorded the lowest value, with $104 million, followed by May with $111 million. During August the value recorded for new constructions, additions and repairs was $185 million.

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