External Debt in Dominican Republic
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 | - |
Dominican Republic External Debt Chart
Source: Dominican Republic Central Bank and FocusEconomics calculations
Dominican Republic Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 52.96 | 0.80 % | Jan 01 |
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Economic News
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Dominican Republic: Economic activity records lowest expansion since March in August but remains strong
October 3, 2021
Economic activity expanded 11.7% in year-on-year terms in August, which followed July's 12.1% increase.
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Dominican Republic: Central Bank keeps rates steady in September
September 30, 2021
At its end-September meeting, the Central Bank (BCRD) decided to keep the policy rate at 3.00%.
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Dominican Republic: Inflation increases in August
September 9, 2021
Consumer prices rose 0.80% in August over the previous month, accelerating from the 0.54% increase logged in July.
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Dominican Republic: Economic activity growth eases in July
September 2, 2021
Economic activity rose 12.1% year-on-year in July (June: +12.7% yoy).
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Dominican Republic: Central Bank keeps rates steady in August
August 31, 2021
At its end-August meeting, the Central Bank (BCRD) decided to keep the policy rate at 3.00%.
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