Dominican Republic Economic Activity

Dominican Republic

Dominican Republic: Economic activity stable in January

March 16, 2015

In January, economic activity increased 7.3% over the same month last year, according to the monthly indicator for economic activity (IMAE, Indice Mensual de Actividad Economica). The expansion met December’s increase, which had marked the fastest increase in seven months.

However, the trend deteriorated in January, with annual average growth in economic activity inching down from 7.5% in December to 7.4%, thus reaching the lowest value in five months.

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 January 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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