GDP in Dominican Republic
Dominican Republic - GDP
Economic expansion slows in Q3 on weaker industry growth
The Dominican economy grew 5.8% in the third quarter of 2016, according to detailed data from the Central Bank. Q3’s expansion marked the lowest result since Q2 2013 and a deceleration from the 8.7% growth seen in the previous quarter.
According to the Central Bank, Q3’s deceleration was mainly the result of weaker growth in the industry sector, which decelerated from the 13.5% increase recorded in Q2 to a 2.6% expansion in Q3—the weakest reading since Q1 2013. The slowdown was mainly due to a sharp deceleration in growth in the construction sub-sector, as well as a notable softening in growth of local manufacturing. Meanwhile, growth in the services sector weakened slightly from 6.5% in Q2 to 6.2% in Q3. On the upside, agriculture expanded 17.0% in Q3, a substantial improvement from the already robust 12.6% growth logged in Q2. The reading marked the fastest growth rate since Q2 2006.
The government predicts that the economy will expand 5.0% in 2017. FocusEconomics Consensus Forecast participants also expect the economy to have grown 5.0% in 2017, which is unchanged from last month’s forecast. For 2018, panelists expect the economy to expand 4.4%.
Dominican Republic - GDP Data
|Economic Growth (GDP, annual variation in %)||2.8||2.6||4.8||7.3||7.0|
5 years of economic forecasts for more than 30 economic indicators.
Dominican Republic GDP Chart
Source: Dominican Republic Central Bank and FocusEconomics calculations
Dominican Republic Facts
|Exchange Rate||46.39||-0.65 %||Jan 20|
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January 11, 2017
In December, Dominican consumer prices rose 0.90% from the previous month, which followed the 0.13% increase observed in November.
January 3, 2017
The Dominican economy grew 5.8% in the third quarter of 2016, according to detailed data from the Central Bank.
December 19, 2016
In November, consumer prices in the Dominican Republic rose 0.13% from the previous month, which followed the 0.30% increase observed in October.
November 10, 2016
In October, consumer prices in the Dominican Republic rose 0.30% from the previous month, which followed the 0.04% increase observed in September.
October 21, 2016
In September, economic activity in the Dominican Republic increased 6.2% from the same month of last year, according to an estimate from the monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica).