The Central Bank reports that the Dominican economy grew 4% from January-June, a decline in the pace of last year’s growth that was 7.5%. The Central Bank says that the fuel bill was up US$548.4 million during the first half of the year, or 30% more than last year, as reported in Diario Libre. <\/p>\n
Dominicans continue to import more than is exported. Imports totaled US$7.1 billion, up US$1.03 compared to US$6.06 last year. <\/p>\n
Duty free exports were US$2.22 billion, up 13.5%, and non-duty free exports were US$1.7 billion, up 29%. Total exports were US$3.92 billion from January-June. <\/p>\n
Compared to the Gross Domestic Product, the sectors were: Mining 65.6%, Free Zones 9.5%, Farming 7.1%, Local Manufacturing 5.7%, Other Services 5.4%, Health 5.0%, Education 4.6%, Commerce 4.5%, Transport and Warehousing 4.1%, Financial Intermediation and Insurance 3.9%, Hotels, Bars and Restaurants 3.7%, Housing Rentals 3.0%, Public Administration 1.0%, for 70% of the GDP. Sectors that suffered declines were Energy and Water (-7.9%), Communications (-2.3%) and construction (-0.2%).<\/p>\n
From January to June 2011, the accumulated inflation rate measured by the Consumer Price Index (IPC) was 5.85%, attributed to increases in the price of petrol and farm commodities.<\/p>\n
www.bancentral.gov.do\/publicaciones_economicas\/infeco_preliminar\/infeco_preliminar2011-06.pdf<\/p>\n","protected":false},"excerpt":{"rendered":"
The Central Bank reports that the Dominican economy grew 4% from January-June, a decline in the pace of last year’s growth that was 7.5%. The Central Bank says that the fuel bill was up US$548.4 million during the first half of the year, or 30% more than last year, as reported in Diario Libre. Dominicans … <\/p>\n