Industry in Dominican Republic
Dominican Republic - Industry
Available signs suggest economic momentum has been robust so far in the Q1, albeit somewhat softer than Q4 last year. Economic activity growth clocked 4.7% in January, down from Q4’s 5.8% but still swift by regional standards. Moreover, remittances were up sharply year-on-year in the same month, while credit growth in the private sector surged through February, buttressed by the Central Bank’s monetary stimulus last year. Less positively, tourist arrivals continued to decline sharply in January. In addition, the recent outbreak of coronavirus will continue to depress tourism in the near-term, as well as hurt external demand more broadly. In politics, the suspension of February’s local elections due to technical problems has likely boosted the likelihood of the opposition PRM party and its candidate Luis Abinader performing well in May’s legislative and presidential elections respectively. Such an outcome would lead to a continuation of broadly market-friendly policies.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: Economy loses steam in January but remains solid
March 7, 2020
Economic activity grew 4.7% year-on-year in January, down from December’s 6.7% expansion but still marking a robust pace of growth compared to regional peers.
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Dominican Republic: Inflation dips in February but stays within the target range
March 7, 2020
Consumer prices fell 0.13% in February over the prior month, contrasting January’s 0.33% increase.
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Dominican Republic: Central Bank leaves rates unchanged in February but is monitoring the coronavirus fallout
February 28, 2020
At its February monetary policy meeting, the Central Bank (BCRD) left the policy rate unchanged at 4.50% for the sixth straight month, following 100 basis points of easing in June–August 2019 to boost economic activity.
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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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