Industry in Dominican Republic

Dominican Republic Industry | Economic News & Forecasts

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  -     -     -     

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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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