Fiscal Balance in Dominican Republic

Dominican Republic Fiscal Balance | Economic News & Forecasts

Dominican Republic - Fiscal Balance

The economy showed signs of life in July, after a less favorable external environment and pre-election uncertainty weighed on momentum in the second quarter. Growth in economic activity accelerated markedly from June’s near two-year low, likely supported by monetary stimulus in the form of lower interest rates and liquidity injections. Moreover, robust annual remittances growth should be buttressing private consumption, despite falling from the highs observed earlier in the year. Less positively, recent bad press over visitor deaths has tarnished the tourism sector. Arrivals were down 11% year-on-year in July and, in September, the government consequently created a committee designed to improve the security of the tourism sector, which is a vital source of foreign currency.

Dominican Republic - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-4.0  -3.7  -0.3  -2.9  -3.3  

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Dominican Republic Facts

Exchange Rate51.260.80 %Sep 04

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