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||46.88||-0.50 %||Feb 16|
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February 9, 2017
In January, consumer prices rose 0.62% from the previous month, which followed the 0.90% increase observed in December.
January 30, 2017
In December, economic activity increased 5.5% from the same month of last year, according to an estimate from the monthly indicator for economic activity (IMAE, Índice Mensual de Actividad Económica).
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.