Representing $5.1bn and 14% of the nation’s growing GDP, construction is a major component of Panama’s economy. From infrastructure to commercial and residential building, all subsectors have seen important advances in the past year. According to the Panama Construction Chamber (Cámara Panameña de la Construcción, CAPAC), the sector saw 14% growth in 2013-14 and is set...
Panama Construction
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Articles & Analysis | Panama focuses on residential and water links from The Report: Panama 2015
Despite slower GDP growth of 6.2% in 2014, according to the Ministry of Economy and Finance, Panama remains one of Latin America’s fastest growing economies, a trend set to continue in coming years with the IMF forecasting average annual growth of around 6.5% over the next five years.
Un programa nacional para construir viviendas y lanzar proyectos públicos podría impulsar el sector constructor de Panamá hacia un fuerte crecimiento en 2015.
Articles & Analysis | One step at a time: The market for low-income housing remains large from The Report: Panama 2014
With a housing deficit of over 136,000 units and growing at around 15% per year, a huge market remains unsatisfied as few developers construct within the low-income segment. Government incentives, almost entirely restricted to assisting the consumer in purchasing a home, have fallen short of providing viable solutions on a large scale and...
Articles & Analysis | Laying the foundations: Public works keep industry potential high from The Report: Panama 2014
While several of the most significant infrastructure projects draw to a close, concerns have arisen over an eventual decline in construction activity. However, deficits still remain among highways, roads, logistics operations and purely private sector ventures, providing a long list of work for the near to medium term. According to the...
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