Dominican Republic Economy – GDP, Inflation, CPI and Interest Rate
Dominican Republic Economic Outlook Economy Data 2016
April 19, 2016
The economy, supported by solid macroeconomic fundamentals, continues to perform well, although the latest GDP data point to a slight moderation in the growth rate. The economy decelerated to 6.1% growth in Q4 and expanded 7.0% in the full year 2015, which was marginally down from 2014’s growth. The slowdown in Q4 was mainly due to a contraction in mining activity. The mild loss of momentum carried into 2016, as evidenced by the latest monthly indicator for economic activity, which showed a slight decline in February. In the political arena, presidential elections are scheduled for 15 May. The latest polls show incumbent President Danilo Medina, from the Dominican Liberation Party, widening his lead over his main opponent, opposition leader Luis Abinader from the Modern Revolutionary Party.
Dominican Republic Economy Data
Dominican Republic Facts Dominican Republic Economic Outlook Economy Data 2016
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 45.72 | -0.31 % | May 02 |
Dominican Republic Economic Growth
April 19, 2016
The economy is set to continue expanding in 2016, albeit at a slower pace than in 2015. Moderate growth prospects for the global economy in 2016 will weigh somewhat on the Dominican economy. However, solid macroeconomic fundamentals—strong investment, stable consumption and sustainable public finances—will continue to support growth. Analysts expect the economy to grow 5.3% in 2016, which is up 0.1 percentage points from last month’s projection. For 2017, the panel projects GDP to increase 4.4%.
Dominican Republic Economic News
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Dominican Republic: Inflation continues easing in March
April 13, 2016
In March, consumer prices fell 0.01% over the previous month, which followed the 0.56% decrease observed in February.
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Dominican Republic: Pace of economic growth softens in Q4
March 31, 2016
According to preliminary data from the Central Bank, the economy grew 6.1% in the fourth quarter, thus bringing the growth rate for the whole of 2015 to 7.0%.
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Dominican Republic: Economic activity grows at softer pace in February
March 30, 2016
In February, economic activity increased 5.3% over the same month of last year, according to an estimate of the monthly indicator for economic activity (IMAE, Indice Mensual de Actividad Economica).
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Dominican Republic: Economic activity accelerates in December
March 10, 2016
In December, economic activity increased 6.9% over the same month of the previous year, according to an estimate of the monthly indicator for economic activity (IMAE, Indice Mensual de Actividad Economica).
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Dominican Republic: Inflation eases in February
March 10, 2016
In February, consumer prices fell 0.56% over the previous month, which followed the 0.01% decrease observed in January.
- Dominican Republic Economic Outlook Economy Data 2016
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