Unemployment in Dominican Republic

Dominican Republic Unemployment | Economic News & Forecasts

Dominican Republic - Unemployment

The Covid-19 pandemic is hitting the economy hard. Ongoing containment measures are dampening domestic activity, while the collapse in international travel and border closures are depressing tourism. In addition, lockdowns abroad—in particular the U.S.—are affecting exports and remittances: Remittances were down 22% year-on-year in March, with sharper falls likely in coming months due to surging U.S. unemployment. The deteriorations in the external and fiscal sectors led Fitch Ratings to downgrade its outlook on the Dominican Republic to negative on 8 May. However, more positive news has come in the form of international financial support: The IMF and World Bank have approved USD 650 million and USD 150 million in financial assistance, respectively. Moreover, the government recently announced a four-phase plan to reactivate the economy. The first phase, from 20 May, will allow companies to reopen with some restrictions.

Dominican Republic - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate-     -     -     -     -     

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Dominican Republic Unemployment Chart


Dominican Republic Unemployment
Note: Unemployment in % of active population.
Source: Dominican Republic Central Bank.

Dominican Republic Facts

Value Change Date
Exchange Rate52.960.80 %Jan 01

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form