This page has economic forecasts for Dominican Republic including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Dominican Republic economy.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 3.90 3.4 -0.3 4 -1.7 4.7 percent
Unemployment Rate 5.30 5.2 5 4.8 5.5 5.3 percent
Inflation Rate 3.29 4.2 3.8 3.9 4 4.1 percent
Interest Rate 5.50 5.5 5.5 5.75 5.75 5.25 percent
Balance of Trade -793.60 -625 -653 -648 -633 -640 USD Million
Government Debt to GDP 49.12 51 53 53 53 52 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 50.04
50.12 50.51 50.9 51.3 52.92
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 3.90
percent
3.4 -0.3 4 -1.7 4.7
GDP Annual Growth Rate 7.10
percent
6.5 5.7 5.4 5 4.7
GDP 75.93
USD Billion
77.55 80 80 80 84
GDP per capita 7153.08
USD
7300 7600 7600 7600 7800
GDP per capita PPP 14600.86
USD
14890 15200 15200 15200 15700
Gross Fixed Capital Formation 243364.06
DOP Millions
245363 235811 244086 238514 241321
GDP Constant Prices 1011306.90
DOP Millions
1033434 1005091 1065917 1061872 1138270
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 5.30
percent
5.2 5 4.8 5.5 5.3
Population 10.17
Million
10.25 10.4 10.4 10.4 10.5
Labor Force Participation Rate 62.90
percent
63.7 62.86 62.87 62.85 64
Employment Rate 59.50
percent
59.8 59.77 59.78 59.79 61
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 3.29
percent
4.2 3.8 3.9 4 4.1
Consumer Price Index CPI 130.09
Index Points
134 134 135 135 145
Inflation Expectations 4.67
percent
4.49 4.37 4.33 4.33 4.34
Inflation Rate Mom 0.08
percent
0.2 0.3 0.3 0.4 0.4
GDP Deflator 160.30
Index Points
164 164 166 167 174
Food Inflation 1.76
percent
3 3.5 3.48 3.33 3.5
Cpi Housing Utilities 125.43
Index Points
127 126 128 130 138
CPI Transportation 130.37
Index Points
129 130 134 136 140
Core Consumer Prices 127.06
Index Points
128 128 128 129 129
Core Inflation Rate 2.53
percent
2.5 2.31 2.28 2.26 2.24
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 5.50
percent
5.5 5.5 5.75 5.75 5.25
Deposit Interest Rate 7.20
percent
7.2 7.2 7.45 7.45 6.95
Money Supply M0 98244.10
USD Million
97700 98400 98600 98650 98900
Money Supply M1 339358.40
USD Million
344000 345000 345500 350000 360000
Money Supply M2 1018566.10
USD Million
1030000 1035000 1037000 1038000 1037000
Money Supply M3 1341962.30
USD Million
1355000 1360000 1365000 1375000 1375000
Foreign Exchange Reserves 7434.80
USD Million
7214 7248 7235 7238 7238
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -793.60
USD Million
-625 -653 -648 -633 -640
Exports 955.10
USD Million
940 907 907 907 960
Imports 1748.70
USD Million
1565 1560 1555 1540 1600
Current Account -279.60
USD Million
-460 420 50 -236 -260
Current Account to GDP -0.20
percent
-1.5 -3.1 -3.1 -3.1 -3.1
Remittances 552.78
USD Million
700 740 780 557 850
Gold Reserves 0.57
Tonnes
0.57 0.57 0.57 0.57 0.57
Terrorism Index 0.89
0.8 1.3 1.3 1.3 1.3
Tourist Arrivals 537575.00
450000 530000 565000 542900 542900
External Debt 21701.80
USD Million
20700 20750 20680 20700 20740
Foreign Direct Investment 762.30
USD Million
760 440 565 540 800
Capital Flows 449.70
USD Million
-950 -460 130 -477 -500
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 49.12
percent
51 53 53 53 52
Government Budget -3.00
percent of GDP
-2.7 -2.6 -2.6 -2.6 -2.6
Military Expenditure 496.24
USD Million
503 510 510 510 514
Government Revenues 48934.90
DOP Millions
48000 55000 54000 49787 60000
Government Spending 112225.65
DOP Millions
121898 107489 115701 116034 127923
Government Budget Value -9950.40
DOP Millions
-9000 -1000 2000 -5430 4000
Government Debt 40680.90
USD Million
38900 38920 38930 38940 38940
Fiscal Expenditure 58885.30
DOP Millions
57000 56000 52000 55217 56000
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Internet Speed 4430.06
KBps
6396 6627 6847 7056 8552
IP Addresses 906609.00
IP
992993 996614 1001632 1004836 1017387
Leading Economic Index 8.60
percent
6.5 6 5.7 5.3 5.6
Business Confidence 56.80
Index Points
60 62 62 63 63
Ease of Doing Business 102.00
105 110 110 110 105
Corruption Index 29.00
Points
29 29 29 29 29
Corruption Rank 135.00
135 135 135 135 135
Changes In Inventories 3110.77
DOP Millions
-5496 8197 1095 5988 1188
Competitiveness Index 57.38
Points
57.88 57.88 57.88 57.88 60.38
Competitiveness Rank 82.00
82 82 82 82 82
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Spending 697793.95
DOP Millions
708929 670554 711491 672802 702198
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 27.00
percent
27 27 27 27 27
Personal Income Tax Rate 25.00
percent
25 25 25 25 25
Sales Tax Rate 18.00
percent
18 18 18 18 18
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature 28.05
celsius
25.37 24.05 26.36 26.41 26.17



Dominican Republic - Economic Forecasts - 2018-2020 Outlook