Industry in Dominican Republic
Dominican Republic - IndustryThe economy expanded at a slower annual pace in the first quarter of this year than it did in the fourth quarter of last year, although growth was still among the fastest in the CENAM region. The construction sector continued to drive growth in Q1, as did the services, and mining and quarrying sectors. Likely underpinning all of this was a double-digit increase in private sector lending, strong employment growth, a surge in foreign direct investment and healthy tourist arrivals in Q1. Turning to Q2, private sector lending continued to grow rapidly through to May despite softening somewhat, hinting the economy will expand at another robust pace in the quarter; however, an expected slowdown in the U.S. could hurt remittances.
Dominican Republic - Industry Data
|Industrial Production (annual variation in %)||9.8||14.8||8.5||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Dominican Republic Industry Chart
Dominican Republic Facts
|Exchange Rate||50.84||0.80 %||Jun 20|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Dominican Republic: Inflation ticks up in April, Central Bank leaves rates unchanged but announces liquidity injection
June 2, 2019
Consumer prices rose 0.53% in April over the prior month, down slightly from March’s 0.65% increase.
May 14, 2019
According to a preliminary estimate released by the Central Bank on 14 May, the economy expanded 5.7% in the first quarter of 2019.
April 30, 2019
Consumer prices rose 0.65% in March over the prior month, up from February’s 0.37% increase.
March 28, 2019
The Dominican Republic’s economy continued to expand at an elevated pace in the first two months of 2019, although year-on-year growth was down somewhat from the rates observed last year, due to a less favorable base effect.
March 13, 2019
Consumer prices rose 0.37% in February over the prior month, contrasting January’s 0.17% decline.