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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 49.50
50.71 52.05 53.43 54.85 60.9
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 5.55
percent
1.8 2.1 2 -0.1 2.4
GDP Annual Growth Rate 6.40
percent
3.9 4.3 4.5 4 4.8
GDP 71.58
USD Billion
71.25 72.27 73.3 75.8 75.7
GDP per capita 6909.10
USD
6947 6800 6800 6800 6800
GDP per capita PPP 14098.90
USD
14176 14368 14600 15200 15700
GDP Constant Prices 970360.95
DOP Millions
932078 922447 1014027 1009175 1111585
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 5.10
percent
5.3 5.3 5.2 5.6 5.2
Population 10.17
Million
10.11 10.13 10.16 10.18 10.49
Labor Force Participation Rate 62.10
percent
63.4 63.4 63.7 62.2 64
Employment Rate 58.90
percent
59.5 59.7 59.8 57.93 61
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 4.05
percent
3.7 3.8 4 3.9 3.8
Consumer Price Index CPI 129.36
Index Points
128 131 133 133 143
Inflation Rate Mom 0.40
percent
0.8 0.9 0.9 0.31 1.2
Gdp Deflator 158.20
Index Points
159 159 159 159 156
Food Inflation 4.90
percent
3.2 3.2 3 3.5 3.5
Cpi Housing Utilities 121.46
Index Points
120 125 127 125 136
CPI Transportation 127.21
Index Points
124 126 129 129 139
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 5.25
percent
5.25 5.25 5.25 5.5 5.5
Deposit Interest Rate 7.20
percent
7.65 7.84 8.02 8.18 9.99
Foreign Exchange Reserves 7202.80
USD Million
7609 7599 7589 7576 7442
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -707.20
USD Million
-495 -470 -450 -691 -440
Exports 822.00
USD Million
920 930 940 780 960
Imports 1529.20
USD Million
1415 1400 1390 1471 1400
Current Account -478.80
USD Million
200 -150 -120 -74.64 -200
Current Account to GDP -0.20
percent
-1.5 -1.5 -1.5 -3.12 -3.29
Remittances 478.80
USD Million
5600 5600 5600 5560 6200
Gold Reserves 0.57
Tonnes
0.57 0.57 0.57 0.57 0.57
Terrorism Index 0.89
0.8 0.8 0.8 1.36 0.7
Tourist Arrivals 667545.00
529500 504900 518200 511000 513500
Foreign Direct Investment 1658.60
USD Million
583 581 593 583 585
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 49.12
percent
46.15 44.5 48.4 37.4 46.9
Government Budget -3.00
percent of GDP
-3.3 -3.3 -3.3 -2.47 -3.3
Military Expenditure 496.24
USD Million
439 436 433 430 402
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Internet Speed 4430.06
KBps
5900 6154 6396 6627 8552
IP Addresses 906609.00
IP
979172 984546 992993 996614 1017387
Leading Economic Index 7.40
percent
6.35 5.92 5.64 5.47 5.17
Ease of Doing Business 99.00
112 117 122 117 105
Corruption Index 29.00
Points
29 29 29 29 29
Corruption Rank 135.00
135 135 135 135 135
Competitiveness Index 3.87
Points
3.9 3.9 3.9 3.9 3.9
Competitiveness Rank 104.00
97 97 97 103 105
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Temperature 28.05
celsius
25.86 27.17 25.37 24.05 26.17