Public Debt in Dominican Republic

Dominican Republic Public Debt | Economic News & Forecasts

Dominican Republic - Public Debt

The economy continues to perform well so far in H2. Economic growth was rapid in July, supported by retail, mining and quarrying, and manufacturing in duty-free zones. Moreover, tourist arrivals were up year-on-year in July and August—likely supported by the strong U.S. labor market—while private credit growth remained in double-digits in September, despite moderating due to recent monetary tightening. Robust economic growth has boosted tax revenues, which grew markedly in the year to July. Coupled with constrained public spending, this has helped the government strengthen its fiscal position so far this year. This comes after a stellar economic expansion in H1, underpinned by a surge in fixed investment and buoyant private consumption. On 28 September, the government presented its 2019 budget to Congress, which aims to shrink the budget deficit through improved tax collection, while simultaneously increasing social spending.

Dominican Republic - Public Debt Data

2013  2014  2015  2016  2017  
Public Debt (% of GDP)37.0  36.0  35.1  36.9  38.9  

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Dominican Republic Facts

Exchange Rate50.000.80 %Oct 16

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