The Dominican Republic's economy showed no growth in the first quarter of 2020, after expanding 5.8 percent in the previous quarter. The services sector grew 1 percent, slowing from a 4.3 percent expansion in the first quarter of the year; while manufacturing output shrank 2.2 percent, after increasing 8.8 percent in the prior period. On the other hand, agricultural activities expanded 5 percent, faster than a 4.1 percent gain.
GDP Annual Growth Rate in Dominican Republic averaged 5.51 percent from 1992 until 2019, reaching an all time high of 14 percent in the second quarter of 1992 and a record low of -3.40 percent in the second quarter of 2003. This page provides - Dominican Republic GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Dominican Republic GDP Annual Growth Rate - values, historical data and charts - was last updated on September of 2020.
GDP Annual Growth Rate in Dominican Republic is expected to be -5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Dominican Republic to stand at 3.00 in 12 months time. In the long-term, the Dominican Republic GDP Annual Growth Rate is projected to trend around 2.00 percent in 2021 and 3.70 percent in 2022, according to our econometric models.