Dominican Republic Economic Activity

Dominican Republic

Economic activity expands at slowest rate in nearly two years in April

In April, economic activity increased 6.1% over the same month last year, according to the monthly indicator for economic activity (IMAE, Indice Mensual de Actividad Economica). The expansion was a slight slowdown over the 6.4% increase observed in the previous month and marked the slowest increase since August 2013.

In addition, the trend deteriorated in April, with annual average growth in economic activity inching down from 7.1% in March to 6.9%, thus reaching the lowest value in nearly a year.

The government’s 2015 budget projects that the economy will grow 5.0% in 2015. FocusEconomics Consensus Forecast participants see the economy growing 3.8% in 2015, which is unchanged from last month’s forecast. For 2016, panelists expect economic growth to pick up to 4.0%.

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Dominican Republic Economic Activity Chart

DominicanRepublic Economic Activity April 2015

Note: Year-on-year changes and annual average variation of trend-cycle economic activity in %.
Source: Dominican Republic Central Bank and FocusEconomics calculations.

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