The Central Bank of the Dominican Republic reported that in April 2024, the monthly main economic indicator (MEI) was 7.8%, for an accumulated average growth this 2024 of 5.1%. Economic growth in April 2024 is the highest in the past 28 months.
The Central Bank reports that the interannual variation for January-April 2024 reflects good performance and price stability. The sectors of hotels, bars and restaurants stood out with an average growth of 9.5% in the first four months of the year. Other sector indicators are financial services (7.1%), construction (6.4%), real estate activities (6.1%), free zones (6.0%), energy and water (5.2%), agriculture (3.9%), commerce (3.1%), local manufacturing (2.8%), among others.
According to the Central Bank, the numbers for March were influenced by Easter Week, a major domestic vacation time that in 2024 fell early...
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