The economy of the Dominican Republic shrank 15.8 percent on quarter in the three months to June 2020, following a 6.5 percent decline in the previous period. It was the second consecutive quarterly contraction and the sharpest contraction, officially entering recession as the coronavirus pandemic hit the economy. source: Central Bank of Dominican Republic
GDP Growth Rate in Dominican Republic averaged 1.15 percent from 1991 until 2020, reaching an all time high of 12.70 percent in the first quarter of 1992 and a record low of -15.80 percent in the second quarter of 2020. This page provides - Dominican Republic Gdp Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Dominican Republic GDP Growth Rate - values, historical data and charts - was last updated on January of 2021.
GDP Growth Rate in Dominican Republic is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Dominican Republic to stand at 1.50 in 12 months time. In the long-term, the Dominican Republic GDP Growth Rate is projected to trend around 1.90 percent in 2021 and 2.50 percent in 2022, according to our econometric models.