According to preliminary Central Bank estimates for the fourth quarter, GDP increased 5.3% over the same period the previous year. The reading came in above the 4.7% rise recorded in the third quarter and marks the strongest quarterly result recorded in 2011. At the sector level, the improvement was led by faster growth in the services sector. Services expanded 3.6% year-on-year, up from the 2.3% rise recorded in the previous quarter. Industry also expanded, although the 5.4% rise was down from the 7.7% increase recorded in the previous quarter. Similarly, agriculture grew 1.3%, only a fraction of the 6.5% rise recorded in the third quarter. Based on quarterly figures, the economy expanded 4.5% in 2011, which was in line with both Central Bank and Consensus Forecast expectations but was, nonetheless, down from 2010's stellar 7.8% growth rate.
Dominican Republic GDP
Economic growth picks up in the fourth quarter
February 15, 2012
Looking for forecasts related to GDP in Dominican Republic? Download a sample report now.
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.