Current Account in Dominican Republic

Dominican Republic Current Account | Economic News & Forecasts

Dominican Republic - Current Account

The economy expanded at a slower annual pace in the first quarter of this year than it did in the fourth quarter of last year, although growth was still among the fastest in the CENAM region. The construction sector continued to drive growth in Q1, as did the services, and mining and quarrying sectors. Likely underpinning all of this was a double-digit increase in private sector lending, strong employment growth, a surge in foreign direct investment and healthy tourist arrivals in Q1. Turning to Q2, private sector lending continued to grow rapidly through to May despite softening somewhat, hinting the economy will expand at another robust pace in the quarter; however, an expected slowdown in the U.S. could hurt remittances.

Dominican Republic - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-4.1  -3.3  -1.9  -1.1  -0.2  

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Dominican Republic Current Account Chart

Dominican Republic Current Account
Note: Current account balance as % of GDP.
Source: Dominican Republic Central Bank and Met the why particular calculations

Dominican Republic Facts

Exchange Rate50.660.80 %Jun 13

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