Dominican Republic Country Snapshot


EIU

Dominican Republic - Economist Intelligence Unit - The Economist

DOMESTIC POLITICS: The government of the president, Leonel Fernandez of the Partido de la Liberacion Dominicana (PLD), will face growing popular discontent during the outlook period, as a severe economic downturn fuels public anger with inadequate public services, government corruption and wasteful spending. The administration also faces the challenges of dealing with an energy crisis and financing current-account and fiscal deficits amid difficult external conditions. Economic crisis management will keep the government focused on short-term issues, and structural reforms needed to improve the functioning of the energy sector and government bureaucracy will be piecemeal and inadequate. As the economy deteriorates and problems with the provision of basic services, such as healthcare and electricity, persist in the outlook period, protest and social unrest will increase. However, the Economist Intelligence Unit expects the government of Mr Fernandez (still a broadly popular figure) to maintain control through the rest of its term, owing in no small part to the deficiencies of the opposition.

Country Forecast Overview (3 Year)
Key Indicators 2008 2009 2010
Real GDP Growth (%) 3.80 -3.80 .30
Consumer Price Inflation (av;%) 10.60 1.10 7.20
Budget Balance (% of GDP) -3.40 -2.00 -2.00
Current-Account Balance (% of GDP) -9.60 -5.30 -6.50
Exchange Rate US$:Euro (av) 34.62 37.11 39.89
Exchange Rate US$:Euro(year-end) 35.46 39.37 40.50

Dominican Republic GDP PPP & GDP Growth Rates
2004 - 2008
Dominican Republic GDP Growth Rate Chart

Year GDP in Billions of USD PPP % GDP Growth
2004 62.44 -0.47
2005 70.45 7.33
2006 80.48 8.72
2007 89.65 6.90
2008 96.41 3.80
Source: EIU Country Data

Dominican Republic: risk assessment
Risk July 2009
Sovereign risk CCC
Currency risk B
Banking sector risk B
Political risk B
Economic structure risk CCC
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