Current Account in Dominican Republic

Dominican Republic Current Account | Economic News & Forecasts

Dominican Republic - Current Account

The economy grew at a record year-on-year pace in Q2, surpassing its pre-pandemic level, despite tighter Covid-19 restrictions imposed in May. Turning to Q3, available signs are favorable amid solid macroeconomic policies and a successful vaccination campaign. In July–August, the economic activity index recorded robust growth amid falling Covid-19 cases and the easing of the nightly curfew in July. Remittances continued to rise robustly through August thanks to a resurgent U.S. economy, likely supporting domestic demand. Moreover, tourism numbers edged up towards their pre-pandemic levels in the first two months of the quarter, which should have boosted the external sector. In other news, the government submitted its 2022 budget to parliament on 1 October. The plan signals a tightening of the fiscal stance, with an increased focus on productivity-raising investments.

Dominican Republic - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-1.8  -1.1  -0.2  -1.4  -1.4  

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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

Value Change Date
Exchange Rate52.960.80 %Jan 01

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