According to a more complete set of Central Bank data, GDP grew 3.8% in the second quarter, mirroring the result recorded in the previous three-month period. The Q2 reading reflected an improvement in domestic demand, whereas the external sector deteriorated compared to the previous quarter. Total consumption slowed from a 3.9% rise in Q1 to a 1.4% expansion in the second quarter. On the other hand, fixed investment soared 10.7%, contrasting a 4.3% drop in Q1 and marking the highest reading recorded since the third quarter of 2010. Meanwhile, exports rose 1.7% (Q1: +6.4% year-on-year), while imports contracted 0.5% (Q1: +2.6 yoy). Amid slower export growth, the net contribution from the external sector to overall growth stepped down from 1.0 percentage points in the first quarter to 0.7 percentage points in the second quarter.
Dominican Republic GDP
GDP steady in Q2
September 30, 2012
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Note: Year-on-year changes of GDP in %.
Source: Dominican Republic Central Bank and FocusEconomics Consensus Forecast.
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.