On 21 October, Central Bank Governor Hector Valdez Albizu announced preliminary growth estimates for the Dominican economy in the third quarter. According to the statement issued, GDP increased 4.2% over the January-September period compared to the same period last year. The reading implies 4.5% year-on-year growth in the third quarter, which would mark an improvement compared to the 3.6% growth recorded in the second quarter and, in fact, the strongest result since the last quarter of 2010. At the sector level, the improvement was led by strong results in the mining sector, which expanded a buoyant 73.9% in the January-September period over the same period last year, and manufacturing in free trade zones, which expanded 13.8%. Some key service sub-categories also recorded strong results, in particular education, financial services and healthcare, which all expanded 5.3%. According to the Central Bank Governor, the country will grow about 5.0% in 2011.
Dominican Republic GDP
Economic growth picks up in third quarter
October 21, 2011
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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.