Central Bank governor Hector Valdez Albizu said yesterday, Wednesday 6 January 2016, that preliminary figures show that while the overall performance of the Dominican economy was satisfactory in 2015, most members of society are not feeling the effects because there is not enough of a trickle-down effect.
He said the construction sector was the most dynamic in 2015, up 18%, followed by trade (9.1%), financing (9.2%), education (8.6%, transport and warehousing (6.4%), tourism (6.3%), free zones (5.8%), health (5.8%), local manufacturing (5.5%) and other services (4.1%).
Valdez pointed out that the tourism sector grew 6.3% this year, with 5.6 million foreign and non-resident Dominican arrivals. Estimated revenue generated by the tourism industry was US$6.15 billion, up 9.2%.
The Central Bank governor advocated for a wage increase in order to improve wealth distribution. He pointed out that minimum cost of living in the DR is RD$13,022.
http://www.bancentral.gov.do/noticias/notas_bc/archivos/bc20160106-2.pdf
http://www.diariolibre.com/economia/la-economia-crece-7-pero-sus-beneficios-no-se-derraman-XB2355624
