Dominican Republic Economic Activity

Dominican Republic

Dominican Republic: Economic activity stable in November

January 15, 2015

In November, economic activity increased 6.0% over the same month last year, according to the monthly indicator for economic activity (IMAE, Indice Mensual de Actividad Economica). The expansion matched October’s result, which had marked the lowest growth rate in over a year.

As a result, the trend deteriorated in November, with annual average growth in economic activity edging down from 7.1% in October to 6.9%, thus reaching the lowest value in three 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 November 2014

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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