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Economic Survey of Latin America and the Caribbean 1995-1996

image of Economic Survey of Latin America and the Caribbean 1995-1996

This publication gives insight into the economic trends, the international economy and the role of exchange rate policy in the region. It also explores the economic developments by country. Included also is a statistical annex on diskette.

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Dominican Republic

In 1995, economic activity in the Dominican Republic expanded by a slightly higher rate (almost 5%) than in the preceding year and, as a result, per capita gross domestic product (GDP) increased for the fourth consecutive year, even though the unemployment rate remained high at 16%. This trend was in keeping with the structural adjustment programme undertaken in September 1994 in an effort to reduce the externa] imbalance, narrow the fiscal deficit, limit the growth of the money supply and curb inflation. With the exception of the targets relating to monetary expansion, these goals were met, mainly as a result of the strong performance of the external sector, which contributed to a substantia] increase in national income.

English

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