Current Account in Dominican Republic

Dominican Republic Current Account | Economic News & Forecasts

Dominican Republic - Current Account

The economy appeared to begin the fourth quarter on a solid footing. Private-sector credit growth clocked 11% in October, spurred by significant recent monetary easing in the form of rate cuts and liquidity injections, which should have bolstered domestic demand. Moreover, remittances surged in the same month amid a strong U.S. labor market, likely supporting domestic private consumption. Less positively, however, recent bad press linked to visitor deaths continued to weigh on the vital tourism sector—which is worth close to 10% of GDP and represents an important source of foreign currency—as tourist arrivals plummeted in October. This comes after growth rebounded in the third quarter amid strong expansions in credit and remittances.

Dominican Republic - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-4.1  -3.2  -1.8  -1.1  -0.2  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Dominican Republic Current Account Chart


Dominican Republic Current Account
Note: Current account balance as % of GDP.
Source: Dominican Republic Central Bank and FocusEconomics calculations

Dominican Republic Facts

ValueChangeDate
Exchange Rate52.960.80 %Jan 01

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form