DR posts 12.4% growth January to October 2021


Staff member
Feb 20, 2019

Coming out of a pandemic year, the Dominican Republic is posting a notable accumulated average of 12.4% for the first 10 months of 2021. The inter-annual variation for October is 9.7%.

Central Bank Governor Hector Valdez Albizu held a virtual press conference on 30 November 2021 to report that the expansion of the Dominican economy has been higher than expected. The Central Bank is updating its forecast for GDP growth by year’s end to a record 11% that places the Dominican Republic as one of the fastest-growing economies in Latin America and one of the countries with the best relative performance when comparing the levels of economic activity in 2021 to pre-pandemic 2019.

The Central Bank Governor said: “I am confident the outlook for the Dominican economy will positive, driven by the strong recovery of private investment and public-private partnerships. He spoke of the...

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