Exports in Dominican Republic

Dominican Republic Exports | Economic News & Forecasts

Dominican Republic - Exports

After the economy recorded double-digit growth last year, activity appeared to ease in Q1 2022, in part due to a tougher base effect. Economic activity moderated in annual terms in January–March amid a record-breaking wave of Covid-19 cases in January and associated restrictions. Moreover, a year-on-year fall in remittances and elevated inflation in Q1 should have dented private spending in the quarter. That said, the scrapping of all pandemic-related restrictions for citizens in late February should have cushioned household consumption’s fall. In addition, the tourism sector remained vibrant, with annual growth in visitor arrivals in Q1 averaging 139%. Turning to Q2, the U.S. reduced its alert level for travel to the Dominican Republic in April, which should bolster tourism further ahead, as should the removal of all Covid-19 restrictions for tourists in the same month.

Dominican Republic - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)9.4  9.8  10.1  10.9  11.2  

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Dominican Republic Facts

Value Change Date
Exchange Rate52.960.80 %Jan 01

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