According to preliminary Central Bank estimates for the second quarter, GDP increased 3.7% over the same period last year. The reading came in below the 4.3% rise recorded in the first quarter, marking the weakest quarterly result since Q3 2009. However, the result was affected by a high comparison base, as the economy had expanded a strong 7.5% in the second quarter of 2010. At the sector level, the moderation was led by slower growth in services and industry. The services sector experienced the strongest moderation, expanding 1.3% year-on-year, down from the 2.5% rise recorded in the previous quarter. Industry moderated from a 7.2% expansion in the first quarter to a 3.8% increase in the second. Finally, agriculture soared 13.7% over the same period last year, marking a notable improvement compared to the 0.5% expansion observed in Q1. More complete data for economic growth in the second quarter will be published on 30 September. The Central Bank expects the economy to grow 5.5% in 2011.
Dominican Republic GDP
Dominican Republic: Economic growth moderates in the second quarter
August 30, 2011
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Dominican Republic Economic News
March 9, 2017
In February, Dominican consumer prices rose 0.42% from the previous month, which followed the 0.62% increase observed in January.
March 2, 2017
In January, economic activity increased 5.9% from the same month of last year, according to an estimate from the monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica).
February 9, 2017
In January, consumer prices rose 0.62% from the previous month, which followed the 0.90% increase observed in December.
January 30, 2017
In December, economic activity increased 5.5% from the same month of last year, according to an estimate from the monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica).
January 11, 2017
In December, Dominican consumer prices rose 0.90% from the previous month, which followed the 0.13% increase observed in November.