Dominican Republic Economic Activity July 2018

Dominican Republic

Dominican Republic: Economic activity remains robust in July

September 5, 2018

The Dominican Republic’s economy continued to grow at an elevated pace in July, with economic activity rising 6.5% according to the Central Bank’s monthly indicator for economic activity (IMAE, Indicador Mensual de Actividad Económica). The figure was down from June’s stellar 7.3% expansion. July’s figure brings average growth for the first seven months of the year to 6.7%, likely the fastest pace in the CENAM region.

The economic expansion was broad-based, with the mining and quarrying, manufacturing in free trade zones and retail sectors performing particularly well in July. In contrast, the construction sector took a breather, with growth in the sector slowing. In H1, construction was a major growth driver thanks to energy, tourism and housing projects.

Last month, FocusEconomics Consensus Forecast participants saw the economy growing 5.2% in 2018 and 4.7% in 2019. A new Consensus Forecast will be published on 9 October.

Author:, Economist

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Dominican Republic Economic Activity Chart

Dominican Republic Economic Activity July 2018

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

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