The strong recovery began moderating at the end of 2022 in response to tighter global financial conditions, lower global demand, and the appropriate and timely withdrawal of policy stimulus, contributing to inflation’s convergence to its target. Economic activity expanded by 4.9 percent in 2022, led by services and manufacturing, while construction activity eased in response to higher costs and tighter financial conditions, and mining declined due to temporary capacity constraints.

Supported by sound policies and positive spillovers, the Dominican Republic has staged an impressive recovery from the pandemic, cementing its place as one of the most dynamic and resilient economies in the Western Hemisphere. The strong recovery began moderating at the end of 2022 in response to tighter global financial conditions, lower global demand, and policy accommodation withdrawal, helping ease inflationary pressures. The current account deficit widened in 2022 to 5.6 percent of GDP and was mostly financed by Foreign Direct Investment (FDI) flows, with the country maintaining sound market access. The financial sector appears well-capitalized, liquid, and profitable.

Annual GDP: 88,000 million USD

Annual Tourists: approx 6,446,000

Total Population: appprox 10.597348 million

Total Working Population: approx 4,800,000

Population Density: 225 persons per square kilometre

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