Industry in Dominican Republic

Dominican Republic Industry | Economic News & Forecasts

Dominican Republic - Industry

The economy continued to surge in Q2, underpinned by double-digit expansions in the duty-free manufacturing and construction sectors, and a solid performance in the commerce sub-sector. Strong economic activity in recent quarters translated into healthy year-on-year formal employment growth in Q1 and a lower unemployment rate. Moreover, the number of tourist arrivals expanded robustly in Q2, while fiscal receipts increased by nearly 15% in the year to May. On the other hand, the external sector has weakened so far this year: Higher oil prices pushed up the import bill and led the trade deficit to widen. On 12 July, the country issued USD 1.3 billion in international bonds. This should bolster international reserves—which dipped notably in recent months—and help satisfy dollar demand.

Dominican Republic - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)9.8  14.8  8.5  -     -     

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Dominican Republic Industry Chart

Dominican Republic Industry

Dominican Republic Facts

Exchange Rate49.910.80 %Aug 15

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