Central Bank: 5.1% average economic growth through September 2024

Dolores

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The Dominican Republic’s economy has continued its robust growth trajectory posting a 5.1% average year-on-year expansion over the first nine months of 2024, the Central Bank reported on 1 November 2024.

September 2024 alone saw a 4.7% increase in the Monthly Economic Activity Index (IMAE), indicating sustained momentum. The Central Bank attributed this strong performance to a stable price environment and prudent monetary and fiscal policies, which have helped mitigate global risks.

Despite global challenges such as geopolitical tensions in the Middle East and Eastern Europe, the Dominican economy has remained resilient. The United States, the country’s primary trading partner, contributed to this positive outlook with a 2.7% year-on-year growth in the third quarter.

The International Monetary Fund (IMF) has also revised its growth forecast for the...

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