
Panama Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)
Description
Panama Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)
Summary
GlobalData’s Construction in Panama - Country Briefing (H2 2024) report provides detailed market analysis, information and insights into Panama's construction industry, including -
Nevertheless, growth in 2024 will be supported by the government's efforts to reduce its trade deficit - at $1.26 billion as of October 2024 -and boost tourism, coupled with budget expenditure outlined in the 2025 Budget. According to the Panama Tourism Authority (ATP), tourism revenues rose by 9.3% YoY in the first three quarters of 2024, preceded by annual growth of 15.5% in 2023. In November 2024, Panama's 71-member unicameral legislature approved the 2025 Budget worth $30.1 billion, which is expected to drive growth in the construction industry in short term. The budget prioritizes economic growth, finance, culture, health, foreign relations, public security, transportation, energy infrastructure, and education. As part of the budget, the government allocated $5.67 billion for the Panama Canal; an increase of 17.6% compared to 2024.
Scope
This report provides a comprehensive analysis of the construction industry in Panama. It provides -
Summary
GlobalData’s Construction in Panama - Country Briefing (H2 2024) report provides detailed market analysis, information and insights into Panama's construction industry, including -
- Panama's construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Panama's construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline
Nevertheless, growth in 2024 will be supported by the government's efforts to reduce its trade deficit - at $1.26 billion as of October 2024 -and boost tourism, coupled with budget expenditure outlined in the 2025 Budget. According to the Panama Tourism Authority (ATP), tourism revenues rose by 9.3% YoY in the first three quarters of 2024, preceded by annual growth of 15.5% in 2023. In November 2024, Panama's 71-member unicameral legislature approved the 2025 Budget worth $30.1 billion, which is expected to drive growth in the construction industry in short term. The budget prioritizes economic growth, finance, culture, health, foreign relations, public security, transportation, energy infrastructure, and education. As part of the budget, the government allocated $5.67 billion for the Panama Canal; an increase of 17.6% compared to 2024.
Scope
This report provides a comprehensive analysis of the construction industry in Panama. It provides -
- Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Panama, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
- Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
- Assess market growth potential at a micro-level with over 600 time-series data forecasts
- Understand the latest industry and market trends
- Formulate and validate business strategies using GlobalData's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
24 Pages
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Latest news and developments
- 4 Project analytics
- 5 Construction Market Data
- 6 Risk Profile
- 7 Appendix
- 7.1 Definitions
- 7.2 CRI Methodology
- 7.3 About GlobalData
- Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Canada, Key Economic Indicators
- Table 3: Canada, Commercial Construction Output by Project Type (Real % Change), 2019-28
- Table 4: Canada, Top Commercial Construction Projects by Value
- Table 5: Canada, Industrial Construction Output by Project Type (Real % Change), 2019-28
- Table 6: Canada, Top Industrial Construction Projects by Value
- Table 7: Canada, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
- Table 8: Canada, Top Infrastructure Construction Projects by Value
- Table 9: Canada, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
- Table 10: Canada, Top Energy and Utilities Construction Projects by Value
- Table 11: Canada, Institutional Construction Output by Project Type (Real % Change), 2019-28
- Table 12: Canada, Top Institutional Construction Projects by Value
- Table 13: Canada, Residential Construction Output by Project Type (Real % Change), 2019-28
- Table 14: Canada, Top Residential Construction Projects by Value
- Table 15: Canada, Key Contractors
- Table 16: Canada, Key Consultants
- Table 17: Canada, Construction Output Value (Real, $ Million)
- Table 18: Canada, Construction Output Value (Nominal, CAD Million)
- Table 19: GlobalData Construction Market Definitions
- Table 20: Risk Dimensions
- Table 21: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Panama, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
- Figure 2: Panama, Construction Output Value, by Sector (Real, $ Million), 2019-28
- Figure 3: Latin America, Construction Output (Real % Change), 2022-28
- Figure 4: Panama, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
- Figure 5: Panama, Construction Value-add ($ Million, 2018 Constant Prices)
- Figure 6: Panama, Total Construction Area of the Main Municipalities in the Republic (m2)
- Figure 7: Panama, Gross Fixed Capital Formation ($ Million, 2018 Constant Prices)
- Figure 8: Panama, Total Value of Goods Exports ($ Million)
- Figure 9: Panama, Total Visitors Arrival (in Thousands)
- Figure 10: Panama, Real estate, Business and Rental Activities Value-Add ($ Million, 2018 Constant Prices)
- Figure 11: Panama, Wholesale and Retail Trade Value-Add ($ Million, 2018 Constant Prices)
- Figure 12: Panama, Social Services and Private Healthcare Activities Value-Add ($ Million, 2018 Constant Prices)
- Figure 13: Panama, Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 14: Panama, Risk Summary
- Figure 15: Panama, Risk Regional Comparison
Pricing
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