Current Account in Dominican Republic

Dominican Republic Current Account | Economic News & Forecasts

Dominican Republic - Current Account

The economy continued to boom in the fourth quarter according to preliminary data, rounding off an impressive 2018 during which growth was likely by far the highest in the CENAM region. Q4’s performance was underpinned by the construction and services sectors, with construction benefiting from ongoing projects in the private residential housing, tourism and energy sectors, and services from solid credit growth and low price pressures. Over 2018 as a whole, flash Central Bank figures point to healthy growth in exports, remittances and tourism revenue. This is largely thanks to strong dynamics in the U.S. economy, the Dominican Republic’s key trading partner. On the political scene, the government recently announced its intention to sell a stake in the new Punta Catalina power plant, which could provide a one-off boost to public coffers. The plant, when fully operational, will significantly increase domestic electricity production.

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 Rate50.410.80 %Jan 30

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