The Central Bank reports that April 2021 economic statistics are more evidence of the resilience and recovery of the Dominican economy.
In a statement issued on 26 May 2021, the Central Bank reveals:
“The Central Bank of the Dominican Republic (BCRD) reports that, according to preliminary figures of the monthly economic activity indicator (IMAE), an extraordinary expansion of 47.1 % was registered in April. This unprecedented result not only offset the 29.8% drop observed in April 2020, but exceeded the level of the same month of 2019, which was a regular year without pandemic.”
The Central Bank mentions the vaccination process and the improved performance of the global economy and tourism as key factors of the acceleration of the economic rebound.
Furthermore, the Central Bank forecasts that the real gross domestic product (GDP) growth projection for the year-end could be in the range of 7-8%.
Other positive highlights are:
International reserves reached US$12.30 billion as of 24 May, equivalent to 7.4 months of imports and 14.7% of GDP.
Passenger arrivals reached 1,044,159 tourists in January-April 2021.
Accumulated inflation stood at 2.69 % in January-April and 9.65 % on an annualized basis.
As of 24 May, the Dominican peso showed an appreciation of 2.2 %, contrary to the currencies of most Latin American countries.
Read more in Spanish:
Central Bank
Listin Diario
Listin Diario
Listin Diario
27 May 2021