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.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 5.55 2.8 2.5 2.2 2 2.4 percent
Unemployment Rate 5.10 4.8 5.2 5 4.8 5.3 percent
Inflation Rate 4.63 3.8 4 4.2 4 3.8 percent
Interest Rate 5.25 5.25 5.25 5.25 5.25 5.5 percent
Balance of Trade -707.20 -470 -450 -680 -678 -440 USD Million
Government Debt to GDP 49.12 51 51 53 53 52 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 49.70
 50.93 52.26 53.62 55.02 61
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 5.55
percent		 2.8 2.5 2.2 2 2.4
GDP Annual Growth Rate 6.40
percent		 5.3 5 4.3 4.3 4.6
GDP 75.93
USD Billion		 77.1 77.55 80 80 84
GDP per capita 7153.08
USD		 7300 7300 7600 7600 7800
GDP per capita PPP 14600.86
USD		 14890 14890 15200 15200 15700
GDP Constant Prices 970360.95
DOP Millions		 931291 1018879 1012086 1012086 1111575
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 5.10
percent		 4.8 5.2 5 4.8 5.3
Population 10.17
Million		 10.25 10.25 10.4 10.4 10.5
Labor Force Participation Rate 62.10
percent		 63.4 63.7 62.07 62.01 64
Employment Rate 58.90
percent		 59.7 59.8 58.93 58.94 61
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 4.63
percent		 3.8 4 4.2 4 3.8
Consumer Price Index CPI 129.97
Index Points		 131 133 134 135 144
Inflation Expectations 4.27
percent		 4.2 4.09 4.05 4.04 4.06
Inflation Rate Mom 0.21
percent		 0.4 0.6 0.4 0.3 0.5
Gdp Deflator 158.20
Index Points		 159 162 162 163 169
Food Inflation 5.38
percent		 3.2 3 3.5 3.48 3.5
Cpi Housing Utilities 123.21
Index Points		 126 127 127 128 137
CPI Transportation 128.72
Index Points		 127 129 131 134 139
Core Consumer Prices 126.26
Index Points		 127 127 127 128 128
Core Inflation Rate 2.68
percent		 2.63 2.6 2.59 2.58 2.57
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 5.25
percent		 5.25 5.25 5.25 5.25 5.5
Deposit Interest Rate 7.20
percent		 7.2 7.2 7.2 7.2 7.45
Foreign Exchange Reserves 6598.40
USD Million		 6935 6883 6892 6891 6891
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -707.20
USD Million		 -470 -450 -680 -678 -440
Exports 986.30
USD Million		 930 940 880 880 960
Imports 1637.90
USD Million		 1400 1390 1561 1559 1400
Current Account -478.80
USD Million		 -400 -460 420 50 -260
Current Account to GDP -0.20
percent		 -1.5 -1.5 -3.12 -3.12 -3.13
Remittances 478.80
USD Million		 650 700 740 780 850
Gold Reserves 0.57
Tonnes		 0.57 0.57 0.57 0.57 0.57
Terrorism Index 0.89
 0.8 0.8 1.3 1.3 1.3
Tourist Arrivals 553499.00
 430000 450000 530000 565000 524500
Foreign Direct Investment 1658.60
USD Million		 1700 1800 2000 2300 2800
Capital Flows -990.00
USD Million		 -100 -950 -460 130 -500
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 49.12
percent		 51 51 53 53 52
Government Budget -3.00
percent of GDP		 -2.7 -2.7 -2.6 -2.6 -2.6
Military Expenditure 496.24
USD Million		 503 503 510 510 514
Government Budget Value 1867.50
DOP Millions		 -15000 -9000 -1000 2000 -4000
Government Revenues 52326.80
DOP Millions		 45000 48000 55000 54000 60000
Fiscal Expenditure 50459.30
DOP Millions		 60000 57000 56000 52000 56000
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 4430.06
KBps		 6154 6396 6627 6847 8552
IP Addresses 906609.00
IP		 984546 992993 996614 1001632 1017387
Leading Economic Index 6.40
percent		 6.6 6.7 6.3 6 6
Ease of Doing Business 99.00
 105 105 110 110 105
Corruption Index 29.00
Points		 29 29 29 28 30
Corruption Rank 135.00
 130 130 130 130 127
Business Confidence 57.60
Index Points		 58 60 62 64 66
Competitiveness Index 3.87
Points		 3.87 3.87 3.89 3.89 3.88
Competitiveness Rank 104.00
 104 104 100 100 99
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 27.00
percent		 28 28 28 28 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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 28.05
celsius		 27.17 25.37 24.05 26.36 26.17