Dominican Republic Economic Activity February 2020

Dominican Republic

Dominican Republic: Economy gains steam before Covid-19 arrives

April 27, 2020

Economic activity grew 5.3% year-on-year in February, up from January’s 4.7% expansion and marking a robust pace of growth compared to regional peers.

However, economic activity in the months ahead will be severely impacted by the Covid-19 outbreak hitting exports, tourism, remittances and domestic activity.

The FocusEconomics panel expects the economy to contract 2.6% in 2020, which is down 7.1 percentage points from last month’s estimate, and to expand 4.3% in 2021.

Author:, Economist

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Dominican Republic Economic Activity Chart

Dominican Republic Economic Activity February 20 20

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

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