According to a more complete set of Central Bank data, GDP grew 4.3% in the first quarter, which almost halved the 8.3% pace recorded in Q4 2010 and, in fact, marked the slowest quarterly expansion since the third quarter of 2009. That said, the result was affected by a high comparison base, as GDP had expanded a strong 7.5% in the same quarter last year. The Q1 reading reflected slower growth both in the domestic and the external sector. Total consumption decelerated from an 8.2% rise in Q4 to a 4.7% expansion in the first quarter, while fixed investment improved from an 8.9% increase to a 10.0% expansion in Q1. Meanwhile, exports rose 6.3% (Q4 2010: +16.5% year-on-year), while imports increased 8.4% (Q4 2010: +12.0 yoy). As exports decelerated more than imports, the net contribution to growth of the external sector stepped down from minus 0.6 percentage points in the fourth quarter to minus 1.5 percentage points in the first quarter. The Central Bank expects the economy to grow 5.5% in 2011.
Dominican Republic GDP
GDP growth moderates in the first quarter
July 8, 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.