Fiscal Balance in Dominican Republic

Dominican Republic Fiscal Balance | Economic News & Forecasts

Dominican Republic - Fiscal Balance

The economy appeared to begin the fourth quarter on a solid footing. Private-sector credit growth clocked 11% in October, spurred by significant recent monetary easing in the form of rate cuts and liquidity injections, which should have bolstered domestic demand. Moreover, remittances surged in the same month amid a strong U.S. labor market, likely supporting domestic private consumption. Less positively, however, recent bad press linked to visitor deaths continued to weigh on the vital tourism sector—which is worth close to 10% of GDP and represents an important source of foreign currency—as tourist arrivals plummeted in October. This comes after growth rebounded in the third quarter amid strong expansions in credit and remittances.

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 Rate52.960.80 %Jan 01

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