Industry in Dominican Republic

Dominican Republic Industry | Economic News & Forecasts

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  -     -     -     -     

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Dominican Republic Industry Chart

Dominican Republic Industry

Dominican Republic Facts

Value Change Date
Exchange Rate52.960.80 %Jan 01

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