According to preliminary Central Bank estimates for the first quarter, GDP increased 4.3% over the same period last year. The reading came in below the 8.3% rise recorded in the last quarter of 2010, marking the weakest quarterly result since the Q3 2009. However, the result was affected by a high comparison base, as the economy had expanded a strong 7.5% in the first quarter of 2010. At the sector level, the moderation was broad-based, with all the main sectors slowing compared to the previous quarter. The services sector experienced the strongest moderation, expanding 2.5% year-on-year, down from the 7.3% yoy rise recorded in the previous quarter. Finally, while agriculture rose a paltry 0.5% over the same period last year (Q4 2010: +4.1% yoy), industry remained resilient and expanded 7.2% (Q4 2010: +9.2% yoy), as a strong pick-up in construction and mining (Q1 2011: +7.9% yoy; Q4 2010: +4.1%) partially compensated for moderation in local manufacturing (Q1 2011: +6.8% yoy; Q4 2010: +8.4%) and in free-trade zones manufacturing (Q1 2011: +10.3% yoy; Q4 2010: +26.9%). More complete data for economic growth in the third quarter will be published on 30 June. The Central Bank expects the economy to grow 5.5% in 2011.
Dominican Republic GDP
Economic growth moderates in the first quarter
May 25, 2011
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Dominican Republic Economic News
October 21, 2016
The economy grew 5.8% in the third quarter of the year in annual terms, according to preliminary data from the Central Bank.
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.