Labor Force Participation Rate in Dominican Republic decreased to 63.40 percent in the first quarter of 2020 from 65.40 percent in the fourth quarter of 2019.
Labor Force Participation Rate in Dominican Republic averaged 63.55 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 61.40 percent in the second quarter of 2015. 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 October of 2020.
Labor Force Participation Rate in Dominican Republic is expected to be 64.60 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 65.20 in 12 months time. In the long-term, the Dominican Republic Labor Force Participation Rate is projected to trend around 65.00 percent in 2021, according to our econometric models.