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Home Latest News Latest Panama's Economy Continues to Grow

Panama's Economy Continues to Grow

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Construction value in Panama Up 21% 
In the first half of the year the value of new construction, additions and repairs amounted to $1,16 billion, 21% more than in the same period in 2016.

Data from the Comptroller General's Office shows that the value of new construction, additions and repairs between January and June reached $1.16 billion, led by the province of Panama, with $770 million, followed by David, Santiago, Chitré, Aguadulce and La Chorrera, with $676 million.

In the case of the province of Panama, growth in the value of new construction compared to the first half of 2016 was 25%.

Regarding the type of construction, new constructions, additions and repairs were registered for $552 million in residential projects, and $485 million in non-residential projects.

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