Dominican Republic - Economic Forecasts - 2018-2020 Outlook

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.


MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 48.83
49.69 50.96 52.27 53.61 59.31
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate -2.05
percent
1.7 1.8 2.1 2 2.4
GDP Annual Growth Rate 6.50
percent
3.6 3.9 4.3 4.5 4.8
GDP 71.58
USD Billion
70.22 71.25 72.27 73.3 76.3
GDP per capita 6909.10
USD
6873 6973 7072 6800 6800
GDP per capita PPP 14098.90
USD
14042 14248 14453 14600 15700
GDP Constant Prices 874684.54
DOP Millions
865000 867000 868000 867000 869000
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 5.40
percent
5.5 5.3 5.3 5.2 5.2
Population 10.08
Million
10.08 10.1 10.13 10.15 10.36
Labor Force Participation Rate 62.60
percent
63 63.4 63.4 63.7 64
Employment Rate 59.20
percent
59.2 59.5 59.7 59.8 61
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 3.86
percent
3 3.3 3.5 3.6 3.8
Consumer Price Index CPI 128.51
Index Points
126 126 126 126 132
Gdp Deflator 151.50
Index Points
151 151 151 151 148
Inflation Rate Mom 0.29
percent
0.5 0.8 0.9 0.9 1.2
Food Inflation 5.23
percent
3.6 3.2 3.2 3 3.5
CPI Transportation 124.41
Index Points
122 122 122 122 126
Cpi Housing Utilities 122.20
Index Points
122 122 122 122 121
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 5.25
percent
5 5 5 5 6.25
Deposit Interest Rate 7.20
percent
7.46 7.65 7.84 8.02 9.99
Foreign Exchange Reserves 6708.70
USD Million
6512 6568 6550 6541 6439
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -562.90
USD Million
-535 -495 -470 -450 -440
Exports 889.60
USD Million
890 920 930 940 960
Imports 1452.50
USD Million
1425 1415 1400 1390 1400
Current Account 12.90
USD Million
-40 200 -150 -120 -200
Current Account to GDP -1.40
percent
-1.68 -1.7 -1.73 -1.75 -3.29
Remittances 5261.50
USD Million
5600 5600 5600 5600 6200
Gold Reserves 0.57
Tonnes
0.56 0.56 0.56 0.56 0.56
Terrorism Index 0.89
0.8 0.8 0.8 0.8 0.7
Tourist Arrivals 453635.00
404800 390300 394800 381900 334800
Foreign Direct Investment 475.90
USD Million
621 583 581 593 585
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 47.60
percent
44.15 44.5 44.85 45.2 35.1
Government Budget -2.90
percent of GDP
-3.3 -3.3 -3.3 -3.3 -3.3
Military Expenditure 451.70
USD Million
443 440 437 434 402
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Internet Speed 4430.06
KBps
5427 5639 5853 5962 6024
IP Addresses 906609.00
IP
944869 947964 948916 947929 859052
Leading Economic Index 6.80
percent
4.75 5.05 5.12 5.11 4.99
Ease of Doing Business 99.00
106 112 117 122 105
Corruption Index 31.00
Points
30 31 31 31 30
Corruption Rank 120.00
104 106 107 108 101
Competitiveness Index 3.87
Points
3.91 3.91 3.91 3.91 3.78
Competitiveness Rank 104.00
97 97 97 97 105
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 27.00
percent
27 27 27 27 26
Personal Income Tax Rate 25.00
percent
25 25 25 25 26
Sales Tax Rate 18.00
percent
17 17 17 17 17
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Temperature 28.05
celsius
24 25.86 27.17 25.37 26.17