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Dominican Republic Economic Outlook Economy Data 2016

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 Economic Outlook Economy Data 2016

Dominican Republic Economy Data

2011 2012 2013 2014
Population (million) 10.0 10.1 10.3 10.4 10.5
GDP per capita (USD) 5,832 5,979 5,980 6,174 6,362
GDP (USD bn) 58.4 60.6 61.3 64.1 66.8
Economic Growth (GDP, annual variation in %) 2.8 2.6 4.8 7.3 7.0
Consumption (annual variation in %) 2.9 4.0 1.2 4.3 5.1
Investment (annual variation in %) -3.5 -1.8 -0.3 10.5 20.4
Industrial Production (annual variation in %) 0.8 -2.2 4.8 7.8
Unemployment Rate 14.6 14.7 15.0 14.5 14.0
Fiscal Balance (% of GDP) -3.0 -6.6 -3.6 -3.0
Public Debt (% of GDP) 29.8 32.2 37.9 37.2 36.7
Money (annual variation in %) 10.2 9.3 10.7 10.4 11.6
Inflation Rate (CPI, annual variation in %, eop) 7.8 3.9 3.9 1.6 2.3
Inflation Rate (CPI, annual variation in %) 8.5 3.7 4.8 3.0 0.8
Policy Interest Rate (%) 6.75 5.00 6.25 6.25 5.00
Exchange Rate (vs USD) 38.72 40.40 42.69 44.28 45.53
Exchange Rate (vs USD, aop) 38.00 39.24 41.71 43.48 44.98
Current Account (% of GDP) -7.5 -6.6 -4.1 -3.2 -2.0
Current Account Balance (USD bn) -4.4 -4.0 -2.5 -2.0 -1.3
Trade Balance (USD billion) -8.9 -8.7 -7.4 -7.4 -7.2
Exports (USD billion) 8.5 9.1 9.4 9.9 9.7
Imports (USD billion) 17.4 17.8 16.8 17.3 16.9
Exports (annual variation in %) 25.7 6.8 3.9 5.3 -2.5
Imports (annual variation in %) 12.4 2.0 -5.4 2.9 -2.2
International Reserves (USD) 4.1 3.6 4.7 4.9 5.3
External Debt (% of GDP) 20.0 31.1 35.0 36.5

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 Outlook Economy Data 2016

Dominican Republic Economic News

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