Unemployment in Dominican Republic
Dominican Republic - UnemploymentMomentum seemingly eased in Q1 2022, in part due to a tougher base effect. Economic activity moderated in annual terms in January–March amid a record-breaking wave of Covid-19 cases in January and associated restrictions. Moreover, a year-on-year fall in remittances and elevated inflation in Q1 should have dented private spending. However, late February’s scrapping of all pandemic-related restrictions for citizens should have cushioned household consumption’s fall. In addition, the tourism sector remained robust, with annual growth in visitor arrivals in Q1 picking up on an annual basis. Turning to Q2, domestic conditions remained muted: Economic activity grew at a 15-month low in April. Lastly, the IMF concluded its Article IV consultation in the country on 16 May. The Fund heralded the country’s resilience to external shocks thanks to sound fiscal policy.
Dominican Republic - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Dominican Republic Unemployment Chart
Source: Dominican Republic Central Bank.
Dominican Republic Facts
|Exchange Rate||52.96||0.80 %||Jan 01|
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July 31, 2022
At its 31 July meeting, the Central Bank of the Dominican Republic (BCRD) raised its policy rate by 50 basis points to 7.75%.
June 30, 2022
At its 30 June meeting, the Central Bank of the Dominican Republic (BCRD) raised its policy rate by 75 basis points to 7.25%.
June 10, 2022
Consumer prices increased 0.49% from the previous month in May, easing from April’s 0.96% rise.
June 9, 2022
Consumer prices increased 0.49% from the previous month in May, picking up from April’s 0.96% rise.
June 3, 2022
Economic activity increased 4.7% in year-on-year terms in April, which was below March’s 6.4% increase.