Industry in Dominican Republic
Dominican Republic - IndustryThe economy has performed well so far this year, and growth remains above-potential despite slowing somewhat from the blistering pace observed in 2018. Economic activity growth in January and February was underpinned by investment and private consumption, while tourist arrivals were up in Q1 and private-sector credit expanded at a double-digit pace in the year to April. In further positive news, remittances surged in annual terms in the first quarter, likely buoyed by a white-hot U.S. labor market. Moreover, the external position is solid: International reserves are at a healthy level, while the current account deficit is manageable. In a March staff visit, the IMF lauded the strong economic momentum and recent monetary and financial market reforms; however, the Fund also urged the government to focus on fiscal consolidation and find a solution for the loss-making electricity sector.
Dominican Republic - Industry Data
|Industrial Production (annual variation in %)||9.8||14.8||8.5||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Dominican Republic Industry Chart
Dominican Republic Facts
|Exchange Rate||50.53||0.80 %||May 13|
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May 14, 2019
According to a preliminary estimate released by the Central Bank on 14 May, the economy expanded 5.7% in the first quarter of 2019.
April 30, 2019
Consumer prices rose 0.65% in March over the prior month, up from February’s 0.37% increase.
March 28, 2019
The Dominican Republic’s economy continued to expand at an elevated pace in the first two months of 2019, although year-on-year growth was down somewhat from the rates observed last year, due to a less favorable base effect.
March 13, 2019
Consumer prices rose 0.37% in February over the prior month, contrasting January’s 0.17% decline.
February 28, 2019
Consumer prices fell 0.17% in January over the prior month, following December’s 0.22% month-on-month decline.