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 3.52 4 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 50.07
 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 3.52
percent		 4 3.8 3.9 4 4.1
Consumer Price Index CPI 130.38
Index Points		 133 134 135 135 145
Inflation Expectations 4.67
percent		 4.49 4.37 4.33 4.33 4.34
Inflation Rate Mom 0.22
percent		 0.2 0.3 0.3 0.4 0.4
GDP Deflator 160.30
Index Points		 164 164 166 167 174
Food Inflation 2.60
percent		 3 3.5 3.48 3.33 3.5
Cpi Housing Utilities 125.40
Index Points		 127 126 128 130 138
CPI Transportation 130.66
Index Points		 129 130 134 136 140
Core Consumer Prices 127.06
Index Points		 128 128 128 129 129
Core Inflation Rate 2.60
percent		 2.5 2.78 2.83 2.85 2.88
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 7329.10
USD Million		 7214 7251 7237 7240 7240
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 515.98
USD Million		 700 740 780 526 850
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 365368.00
 450000 530000 565000 525900 525900
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