DOMINICAN REPUBLIC
Analysts
Pavel Isa
Former Minister of Economy, Planning and Development
Magdalena Lizardo
Former Adviser, Ministry of Economy, Planning and DevelopmentDatabanks
Recent Country Insights
Powerful growth rebound in March shouldn’t raise expectations
DOMINICAN REPUBLIC · Report · 14 May 2025
Economic activity growth in March was notably better than in the previous four months. The Central Bank reported a y/y increase of 5.4% in the monthly level of economic activity. But this figure should not raise hopes that the economy will experience a significant growth acceleration in the comin...
Growth decline deepens
DOMINICAN REPUBLIC · Forecast · 17 Apr 2025
February growth data confirms that the Dominican economy has entered a low-growth period. In February, estimated growth reached just 0.7% compared with February 2024. This adds to January's growth of only 2.2%, bringing cumulative growth for January and February to 1.5%. Once again the sharp decl...
Rescue efforts conclude for victims of Jet Set tragedy
DOMINICAN REPUBLIC · In Brief · 11 Apr 2025
Yesterday, Dominican authorities included the rescue operations for the victims of the roof collapse at the Jet Set nightclub, an iconic entertainment venue in Santo Domingo. This tragedy, unrelated to any natural disaster, ranks among the most devastating in the country’s history, with 221 conf...
Central Bank maintains monetary policy rate unchanged
DOMINICAN REPUBLIC · In Brief · 01 Apr 2025
For the fourth consecutive month, the Central Bank of the Dominican Republic (BCRD) will keep the monetary policy rate unchanged as of January 2025. In April 2025, the policy rate will remain at 5.75% per year. Similarly, the interest rate on the permanent liquidity expansion facility (1-day repo...
Construction declines slowed real GDP growth
DOMINICAN REPUBLIC · Report · 12 Mar 2025
Economic activity recorded a significant slowdown in January. The y/y real GDP monthly growth rate was only 2.2%, less than half of the 5% average observed in 2024. The main explanation was the -7.3% contraction of the construction sector. Monthly inflation in February stood at 0.32%, while th...
U.S. and DR to explore collaboration on extraction of rare-earth elements
DOMINICAN REPUBLIC · Report · 18 Feb 2025
Official data confirmed strong economic growth in 2024, with a 5% annual expansion, and lower unemployment amid rising labor force participation. Preliminary estimates indicate a 3% of GDP current account deficit, and an increase in NFPS debt, to 46.1% of GDP. The new year began with moderate ...
Ministry of Finance launches public debt buyback offer
DOMINICAN REPUBLIC · In Brief · 11 Feb 2025
The Ministry of Finance announced that the Dominican Republic has initiated a voluntary public debt buyback offer. The offer will remain open until Feb 14, 2025. This operation covers two groups of bonds: those regulated under Dominican law and those governed by international regulations. Among t...
The Central Bank Pauses the Monetary Policy Interest Rate Reduction Cycle
DOMINICAN REPUBLIC · In Brief · 31 Jan 2025
At its monetary policy meeting in January 2025, the Central Bank of the Dominican Republic (BCRD) decided to maintain its monetary policy interest rate (MPR) at 5.75% per annum. Similarly, the rate for the permanent liquidity expansion facility (1-day Repos) remains at 6.25% per annum, while the ...
2024 was better than expected, but 2025 will be full of challenges
DOMINICAN REPUBLIC · Report · 17 Jan 2025
The economy in 2024 performed better than initially expected. A preliminary estimate put growth at a rate very close to potential growth of 5%, due to significant investment expansion (7.5% y/y in January-September 2024) and exports (5.1% y/y in January-September 2024). Inflation was 3.35%, close...