Construction Up 52% Compared To Last Year

By GILBERTO PÉREZ for La Estrella - From January to August 2008 investment in construction rose 52%, from $726.2 million to $1.143 billion dollars compared to the same time period of the previous year, according to the primary monthly economic indicators of the General Comptroller of the Republic. Numbers reported by the Direction of Statistics and Census reveal that in the district of Arraiján growth was 133.2%, increasing from $21.3 million to $49.7 million dollars. In Colón growth was 84.2%, increasing from $19.2 million to $35.4 million dollars. And in Panama the increase was 54.3%. In addition in the areas of David, Bugaba, Chitré, Aguadulce and

Panama's annual GDP for the entire nation is just over $9 billion dollars, annual. This report says that in the first eight months of 2008 already more than $1.1 billion dollars has been spent on construction. That's an amazing number considering the tiny size of Panama's economy.

content compliements Panama-Guide.com