The Construction Sector in Central America

Contribution to GDP by country: Panama - 17.4%, Honduras - 6.4%, Nicaragua - 5.3%, Costa Rica - 5.1%, El Salvador- 3.0%, Guatemala - 2.8%.

Monday, July 22, 2013

A report by the Regional Organization of Chambers of the Construction Industry in Central America and the Caribbean (Ordecccac) provides figures for the construction sector in 2012 for the countries in the region, as well as projections for 2013 and 2014.

In regards to the amount of construction in meters, Costa Rica tops the list of countries in the region with 6 million square meters, followed by Panama with 2.7 million, Guatemala with 1.2 million, Nicaragua with 1 million, Honduras with 900,000, and El Salvador with 800,000.

Data from 2012 on Quantitative Housing Demand in the region is 411,000 homes in Nicaragua, 410,000 in Honduras, 270,000 in Guatemala, 137,000 in Panama, 44,000 in El Salvador, and 25,000 in Costa Rica.

More on this topic

Dominican Republic: GDP Up 5% in 2019

January 2020

Construction and financial intermediation were the sectors contributing most to the growth of the Gross Domestic Product registered during 2019.

Construction, with its significant expansion of 10.5%, remained the activity with the greatest impact on economic growth in 2019, driven by the development of public and private investment projects corresponding to low and medium cost housing, by the execution of works in the tourism, commercial and energy sectors, as well as the construction and remodeling of infrastructure for land transport and access roads in rural areas, reported the Central Bank of the Dominican Republic (BCRD).

Good Year for Construction

November 2018

Because licensing is proceeding faster, private projects are rebounding in Guatemala and the sector in general expects to close 2018 with a 3% increase.

Representatives of the Guatemalan Chamber of Construction (CGC), explained that the positive behavior of the sector this year is because of the liberalization of licenses for the construction of projects that were pending to be authorized and new investments made.

The Real Impact of Bureaucracy

May 2018

Due to the excess of procedures that developers have to carry out in order to realise a construction project in Costa Rica, it is estimated that some 5 thousand homes fail to be built every year.

The Costa Rican Chamber of Construction presented a study entitled "Economic contribution of the construction sector and the impact of the excess of procedures", and one of its main conclusions was that the bureaucratic processes in the country " ... can generate average delays of 7.4 months in private construction projects and 13.5 months in social interest housing. "

Economic Report - Panama August 2007

December 2007

Results of key economic indicators to August 2007 Panama

The economic outlook for the Latin American and Caribbean region is mantienenfavorables, according to the latest Economic Survey of Latin America and the Caribbean 2006-2007 developed by Economic Commission for Latin America and the Caribbean (ECLAC)

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