Dominican Republic Economic Activity December 2017

Dominican Republic

Dominican Republic: Economic activity growth hits one-year high in December

January 30, 2018

The economy ended 2017 on solid footing, supported by accommodative monetary and fiscal policies and a dynamic tourism sector. Economic activity rose an impressive 7.4% from the same month a year earlier in December, according to the Central Bank’s monthly indicator for economic activity (IMAE, Indicador Mensual de Actividad Económica).

December’s figure was the highest in a year and came in above November’s revised 6.9% increase (previously reported: +6.8% year-on-year). A breakdown of the print revealed strong activity growth in the construction sector—reflecting increased public capital outlays—as well as in the financial services, and hotels, bars and restaurants subcategories. Meanwhile, annual average growth in economic activity inched down to 4.4% in December from 4.5% in November.

FocusEconomics Consensus Forecast participants see the economy growing 4.5% in 2018, which is unchanged from last month’s forecast. For 2019, our panelists expect economic growth to average 4.4%.

Author:, Economist

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Dominican Republic Economic Activity Chart

Dominican Republic Economic Activity December 2017

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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