Industry in Dominican Republic
Dominican Republic - Industry
The economy appeared to gain momentum in the fourth quarter. In October and November, economic activity growth accelerated, spurred by monetary easing. Moreover, remittances were up 10% year-on-year in the same months, likely supported by the healthy U.S. labor market, which should have provided impetus to private consumption. Less positively, the tourism sector—a key motor of the economy and an important source of foreign currency—continued to suffer from bad press earlier in the year linked to visitor deaths, with visitor arrivals contracting throughout the quarter. This comes after the economy rebounded in Q3 from a slump in the second quarter, thanks to stronger private consumption and fixed investment growth.Dominican Republic - Industry Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 14.8 | 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 continues to rise in January
February 10, 2020
Consumer prices rose 0.33% in January over the prior month, up from December’s 0.20% rise.
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Dominican Republic: Central Bank leaves rates unchanged in January on encouraging growth and inflation metrics
January 31, 2020
At its January monetary policy meeting, the Central Bank (BCRD) left the policy rate unchanged at 4.50% for the fifth straight month, following 100 basis points of easing in June–August to boost economic activity.
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Dominican Republic: Economy gains further momentum in Q4 2019
January 28, 2020
The economy surged 5.8% in Q4 according to preliminary data, up from Q3’s 4.8% expansion and likely marking the strongest reading in Central America and the Caribbean.
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Dominican Republic: Inflation moves further within target range in December
January 9, 2020
Consumer prices rose 0.20% in December over the prior month, down from November’s 0.37% rise.
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Dominican Republic: Growth accelerates further in November
December 30, 2019
The economy expanded 5.5% in November according to Central bank data, up slightly from October’s 5.2% expansion, with the economy continuing to benefit from significant monetary stimulus earlier in 2019—which has fed through to faster credit growth. November’s expansion was driven by construction, financial services, and manufacturing in free trade zones, although weak tourist arrivals hurt the hotels, bars and restaurants sector, restraining the overall expansion somewhat. Turning to 2020, our panelists expect growth to ebb slightly on slower momentum in the U.S., the Dominican Republic’s key trading partner.
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