Labor Force Participation Rate in Dominican Republic decreased to 56.70 percent in the second quarter of 2020 from 63.40 percent in the first quarter of 2020. source: Central Bank of Dominican Republic
Labor Force Participation Rate in Dominican Republic averaged 63.42 percent from 2000 until 2020, reaching an all time high of 66.40 percent in the third quarter of 2004 and a record low of 56.70 percent in the second quarter of 2020. This page provides - Dominican Republic Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Dominican Republic Labor Force Participation Rate - values, historical data and charts - was last updated on February of 2021.
Labor Force Participation Rate in Dominican Republic is expected to be 62.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Dominican Republic to stand at 63.60 in 12 months time. In the long-term, the Dominican Republic Labor Force Participation Rate is projected to trend around 64.00 percent in 2021 and 65.00 percent in 2022, according to our econometric models.