Dominican Republic: GDP growth stable in Q2
August 31, 2012
According to preliminary Central Bank estimates for the second quarter, GDP increased 3.8% over the same period last year, mirroring the result recorded in the previous three-month. At the sector level, the industrial sector moderated to a 0.5% annual expansion, down from the 2.9% rise recorded in the previous quarter. The result was compensated by a strong acceleration in agriculture, which expanded 8.9% year-on-year (Q1: +2.3% yoy), and an improvement in services, which added 4.4% (Q1: +4.0% yoy).
Author: Armando Ciccarelli, Head of Data Solutions