Industry in Dominican Republic
Dominican Republic - Industry
After the economy recorded double-digit growth last year, activity appeared to weaken in Q1 2022, although this was largely due to a tougher base effect. Year-on-year growth in January–February was still robust, with the economy rebounding month-on-month in February amid the removal of remaining Covid-19 restrictions, after contracting month-on-month in January due to the outbreak of Omicron. Moreover, the tourist sector remains vibrant: Annual growth in visitor arrivals in January–February averaged 172%. However, a year-on-year fall in remittances and increased inflation in the first two months of Q1 bode poorly for private spending in the quarter. New government measures such as fuel subsidies will only go some way to cushion the blow to household purchasing power. In other news, the U.S. reduced its alert level for travel to the Dominican Republic in April, which should aid tourism ahead.Dominican Republic - Industry Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 8.5 | - | - | - | - |
Dominican Republic Industry Chart
Dominican Republic Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 52.96 | 0.80 % | Jan 01 |
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Economic News
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Dominican Republic: Inflation rises in March
April 12, 2022
Consumer prices rose 0.67% from the previous month in March, coming in below the 0.92% rise recorded in February.
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Dominican Republic: Economic activity growth falls to one-year low in February
April 4, 2022
Economic activity expanded 5.8% in year-on-year terms in February, which followed January's 6.3% increase.
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Dominican Republic: Central Bank delivers 50 basis point hike in March
March 31, 2022
At its end-March meeting, the Central Bank of the Dominican Republic (BCRD) decided to increase its policy rate by 50 basis points to 5.50%. The decision came as a surprise to some analysts, who had expected a smaller rate hike.
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Dominican Republic: Inflation rises in February
March 11, 2022
Consumer prices rose 0.92% from the previous month in February, lower than the 1.18% rise logged in January.
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Dominican Republic: Economic activity records slowest expansion since February 2021 in January
March 2, 2022
Economic activity expanded 6.3% in year-on-year terms in January, which was a deterioration from December's 10.6% increase.
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