Dominican Republic Economic Activity

Dominican Republic

Dominican Republic: Economic activity decelerates in August

October 9, 2014

In August, economic activity increased 5.6% over the same month last year, according to the monthly indicator for economic activity (IMAE, Indice Mensual de Actividad Economica). The expansion was a deterioration over the 6.0% rise observed in July and marked the slowest growth rate in over a year.

Nevertheless, the trend improved in August, with annual average growth in economic activity inching up from 6.5% in July to 6.6%, thus reaching the highest value since April 2011.

The government’s 2015 budget projects that the economy will grow 4.6% in 2014 and 5.0% in 2015. FocusEconomics Consensus Forecast participants are less optimistic than the government and see the economy growing 3.8% in 2014, which is unchanged from last month’s forecast. For 2015, panelists expect economic growth to pick up to 4.0%.


Author:, Senior Economist

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Dominican Republic Economic Activity Chart


DominicanRepublic Economic Activity August 2014

Note: Year-on-year changes and annual average variation of trend-cycle economic activity in %.
Source: Dominican Republic Central Bank and FocusEconomics calculations.


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