In January 2018 the cost of new construction, additions and repairs grew by 22% compared to the same month in 2017, rising from $95 million to $117 million.

The most recent figures from the Comptroller General of the Republic show that the highest value of new construction, additions and repairs was registered in the district of Panama, with a total of $53 million. It was followed by Colón, Arraiján, Santiago and La Chorrera, with $28 million, $17 million, $6 million and $5 million, respectively.

See “Construction in Central America Still Growing“

Regarding the type of construction, in the first month of 2018 the highest value was registered in residential projects, with a total of $60 million, 87% more than was reported in the same month last year.

See also “Residential Construction Figures in Panama“

For the months in question, the category of non-residential construction registered a drop of 11%, falling from $63 million to $53 million.

See full statistics. (In Spanish)