Dominican Republic Economic Activity

Dominican Republic

Dominican Republic: Economic activity in May expands at slowest rate in nearly two years

August 6, 2015

In May, economic activity increased 6.1% over the same month last year, according to the monthly indicator for economic activity (IMAE, Indice Mensual de Actividad Economica). The expansion was a slight slowdown over the 6.4% increase observed in the previous month and marked the slowest increase since August 2013.

In addition, the trend deteriorated in May, with annual average growth in economic activity inching down from 7.0% in April to 7.0%, thus reaching the lowest value in a year.

The government’s 2015 budget projects that the economy will grow 5.0% in 2015. FocusEconomics Consensus Forecast participants see the economy growing 3.8% in 2015, which is unchanged from last month’s forecast. For 2016, 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 May 2015

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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