Dominican Republic Economic Activity August 2022

Dominican Republic

Dominican Republic: Economic activity growth accelerates in August

October 5, 2022

Economic activity increased 5.4% compared to the same month of the previous year in August, which followed July's 4.7% increase. On monthly and seasonally-adjusted basis, activity rebounded and logged a 1.3% rise in August (July: -1.3% mom s.a.).

Meanwhile, annual average economic activity growth fell to 7.3% in August (July: +7.8%), which marked a one-year low.

FocusEconomics panelists see the economy growing 4.7% in 2022, which is down 0.1 percentage points from last month’s forecast, and expanding 4.4% in 2023.


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Dominican Republic Economic Activity Chart

Dominican Republic Economic Activity August 2022

Note: Year-on-year changes of GDP in %.
Source: Dominican Republic Central Bank and FocusEconomics Consensus Forecast.

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