Fiscal Balance in Dominican Republic

Dominican Republic Fiscal Balance | Economic News & Forecasts

Dominican Republic - Fiscal Balance

The economy contracted 7.2% in Q3 according to preliminary data, much milder than Q2’s 16.9% collapse. The softer drop was likely due to an incipient recovery in tourism following the reopening of borders in July. Moreover, remittances surged in the quarter as the U.S. labor market recovered, which should have buttressed private consumption. However, the economic panorama was still downbeat: The hotels, bars and restaurants subsector fell, as visitor arrivals were still down sharply year-on-year, while the retail and transport sectors also declined. Turning to Q4, momentum should be improving, with visitor arrivals likely up from Q3. However, the extension of the curfew in mid-October will continue weighing on domestic activity, while Haiti’s decision to impose a USD 800 fee on the Dominican Republic’s exports will hurt the external sector—Haiti is the country’s second most important trading partner.

Dominican Republic - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-0.4  -2.8  -2.9  -2.4  -2.3  

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Dominican Republic Facts

Value Change Date
Exchange Rate52.960.80 %Jan 01

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