Unemployment in Dominican Republic

Dominican Republic Unemployment | Economic News & Forecasts

Dominican Republic - Unemployment

Economic activity growth surged to a near two-year high at the start of Q2 on an upturn in construction, particularly thanks to residential, tourism and energy projects. This came after strong growth in Q1 due to the impact of greater monetary stimulus. Moreover, tourist arrivals rose at a solid pace in the first four months of 2018, while in the year to May private sector credit growth boomed and international reserves ticked up on robust FDI and remittances. Thanks to the strong economic performance, fiscal receipts are above budgeted estimates so far this year, boosting the administration’s chances of meeting its 2.2% fiscal deficit target. On 1 May, the government announced it had established diplomatic relations with China, which will likely drive up inward investment in the medium term.

Dominican Republic - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate15.0  14.5  14.0  13.3  -     

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Dominican Republic Unemployment Chart

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

Dominican Republic Facts

Exchange Rate49.610.80 %Jun 19
Exchange Rate49.610.80 %Jun 19

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