According to a more complete set of data released by the Central Bank on 3 March, GDP grew 7.8% in the full year 2010. The reading more than doubled the 3.5% expansion recorded in 2009 and confirmed the result of a preliminary estimate released by the Central Bank on 21 December 2010. The reading marked the fastest pace over the last four years and beat Central Bank expectations of 7.0%. Expanding activity within the industrial and services sectors drove the positive performance of the Dominican economy. In particular, the industrial sector rose 7.8%, contrasting the 2.5% drop recorded in 2009 and marking the strongest result in more than a decade. Services added 7.3%, up from the 4.9% expansion recorded in the previous year and, finally, agriculture expanded 5.5%, less than half the 12.5% increase in 2009. Based on annual figures, the economy expanded 8.5% in the fourth quarter, up from the 7.8% third quarter increase. The reading represented the fourth consecutive quarter with a growth rate above 7.0% and marked the strongest result since the second quarter of 2008. The Central Bank expects the economy to grow 5.5% in 2011.
Dominican Republic GDP
GDP expands at fastest pace in four years
March 3, 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.