External Debt in Dominican Republic

Dominican Republic External Debt | Economic News & Forecasts

Dominican Republic - External Debt

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 - External Debt Data

2015   2016   2017   2018   2019  
External Debt (% of GDP)37.5  37.3  39.0  39.6  -     

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Dominican Republic External Debt Chart

Dominican Republic External Debt
Note: External debt 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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