Dominican Republic

Thanks to expansionary policies and an upswing in external demand, the Dominican economy grew by 7.8% during 2010 (as against 3.5% in 2009). Strong growth in domestic demand deepened the balance-of-payments current account deficit to 8.6% of GDP (versus 5% in 2009) and in October the central bank embarked on a series of hikes in its reference rate, taking it from the historical low of 4% to 6.75% in May 2011. The cuts introduced during the second half of 2010 helped reduce the central government fiscal deficit to 2.5% of GDP.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions