{"id":135680,"date":"2020-01-29T12:02:52","date_gmt":"2020-01-29T12:02:52","guid":{"rendered":"http:\/\/ny1.dr1.com.do\/wordpress\/?p=135680"},"modified":"2020-01-29T23:55:32","modified_gmt":"2020-01-29T23:55:32","slug":"dominican-economy-grows-5-1-in-2019-despite-the-drop-in-tourism","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2020\/01\/29\/dominican-economy-grows-5-1-in-2019-despite-the-drop-in-tourism\/","title":{"rendered":"Dominican economy grows 5.1% in 2019 despite the drop in tourism"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"600\" height=\"399\" src=\"https:\/\/dr1.com\/wordpress\/wp-content\/uploads\/2019\/09\/Hector-Valdez-Albizu-Central-Bank-e1568648456405.jpg\" alt=\"\" class=\"wp-image-131023\"\/><\/figure>\n\n\n\n<p>Central Bank Governor Hector Valdez Albizu announced the Dominican economy grew 5.1% in 2019, despite the drought and pronounced drop in tourism arrivals, the main source of foreign exchange for the country. <\/p>\n\n\n\n<p>Valdez Albizu said that inflation was 3.66%. He said this was below the range established by the authorities for the year.<\/p>\n\n\n\n<p>During the press conference on Tuesday, 28 January 2020, Valdez Albizu stressed that the Dominican Republic is a leader in economic growth in the region. He explained that the sectors contributing most to the economic performance are construction (10.5%), financial services (9%), energy and water (7.4%), transport (5.3%), health (4.3%), agriculture (4.1%), trade (3.8%), mining and quarrying (3.4%) and local manufacturing (2.7%). <\/p>\n\n\n\n<p>National exports grew by 8.7%, with gold exports standing out with an expansion of 13.5%. Remittances totaled US$7.08 billion, 9.1% more than in 2018. Regarding foreign direct investment, the official explained that it reached US$3.01 billion, for an increase of 18.8% over the previous year.<\/p>\n\n\n\n<p>In 2019, explained V\u00e1ldez Albizu, 133,713 new jobs were created and the unemployment rate closed the last quarter of 2019 at 5.9%. <\/p>\n\n\n\n<p>However, tourism revenues decreased by 1.2% and were US$7.46 billion between January and December last year, when the country received 7.5 million tourists. In 2019, the country was affected by a negative media campaign related to the death of American tourists in hotels in the first half of 2019. Local authorities attributed the deaths to natural causes, but a negative press campaign speculations did much harm and thousands of bookings were canceled. A United States FBI toxicology report, confirmed the reasons for the deaths, but the damage had been done.<\/p>\n\n\n\n<p>Imports also fell slightly, by 0.4%, to US$20.28 billion in 2019, due to the decline in international oil prices. <\/p>\n\n\n\n<p>Read more in Spanish:<br><a href=\"https:\/\/www.bancentral.gov.do\/a\/d\/4767-bcrd-informa-que-el-pib-crecio-un-51--en-2019\">Banco Central<\/a><\/p>\n\n\n\n<p>29 January 2020<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Central Bank Governor Hector Valdez Albizu announced the Dominican economy grew 5.1% in 2019, despite the drought and pronounced drop in tourism arrivals, the main source of foreign exchange for the country. Valdez Albizu said that inflation was 3.66%. He said this was below the range established by the authorities for the year. During the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2020\/01\/29\/dominican-economy-grows-5-1-in-2019-despite-the-drop-in-tourism\/\" class=\"more-link\">Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[271,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/135680"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=135680"}],"version-history":[{"count":2,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/135680\/revisions"}],"predecessor-version":[{"id":135724,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/135680\/revisions\/135724"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=135680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=135680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=135680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}