Domin. Rep. Economic Outlook
October 11, 2016The Dominican Republic’s economy grew a solid 8.7% in Q2 2016 in annual terms, gaining steam over Q1’s 6.1% growth, according to detailed data from the Central Bank. Q2’s acceleration was the result of stronger broad-based growth in all sectors of the economy. Economic activity seems to have moderated in Q3, according to high-frequency data. The indicator for economic activity increased slightly in August from July’s reading, but it nonetheless remained well below the levels seen in Q2. On the upside, in August, growth in tourist arrivals remained healthy in annual terms, even if it decelerated from the previous month. On the political front, on 28 September, the government of President Danilo Medina approved the 2017 draft budget. The draft includes additional funding for education, public health, and public safety and social policy programs.
Dominican Republic Economy Data
5 years of Dominican Republic economic forecasts for more than 30 economic indicators.
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Dominican Republic Facts
|Exchange Rate||46.19||0.59 %||Oct 21|
Dominican Republic Economic Growth
October 11, 2016The economy will decelerate this year but will nevertheless maintain a healthy pace of growth, supported by resilient domestic demand, a buoyant tourism sector and the partial lifting of the ban on imports by the Haitian government. Analysts expect the economy to expand 5.8% in 2016, which is unchanged from last month’s projection. For 2017, the panel projects GDP to increase 5.0%.
Dominican Republic Economic News
October 10, 2016
In September, consumer prices increased 0.04% from the previous month, which contrasted the 0.06% decline observed in August.
October 4, 2016
In August, economic activity increased 5.4% over the same month of last year, according to an estimate of the monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica).
October 3, 2016
According to detailed data from the Central Bank, the economy grew a robust 8.7% in the second quarter of the year, marking the best result since Q1 2010.
September 7, 2016
In August, consumer prices declined 0.06% over the previous month, which contrasted the 0.19% rise observed in July and marked the lowest reading in four months.
August 25, 2016
The economy grew 8.7% in the second quarter of the year in annual terms, according to preliminary data from the Central Bank.