The Central Bank in its February 2024 economic performance report highlights that the monthly indicator of economic activity (IMAE) registers an expansion of 6.2% for February 2024, much higher than the 4.6% observed in January 2024.
The Central Bank says average interannual growth now stands at 5.4% for the first two months of 2024.
The Central Bank stresses that the recent economic performance reflects the positive impacts of monetary policy and the high levels of public capital spending since mid-2023. The year-on-year variation for February 2024 reflects the good performance of the productive apparatus in an environment of price stability.
The recovery trend is in line with the projections of international organizations and risk-rating firms, which place the Dominican Republic as one of the fastest-growing economies in the region for 2024.
The Central Bank reports that tourism activity stands out with a variation of 12.8%. Other areas doing well are construction (9.7%), free zone manufacturing (9.4%), commerce (8.5%), energy and water (8.1%), and manufacturing local (6.9%), among others.
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Central Bank
27 March 2024