Dominican Republic - Economist Intelligence Unit - The Economist
DOMESTIC POLITICS: Mr Fernandez will face the challenges of managing a fiscal adjustment as the economy slows, dealing with an energy crisis and financing current-account and fiscal deficits amid very difficult external conditions in 2009-10. Economic crisis management will keep the Fernandez administration focused on short-term issues. Consequently, required structural adjustments--particularly involving energy sector reform and government bureaucracy--will at best be piecemeal and slow. As economic conditions deteriorate and problems in the energy sector linger there is a growing risk that civil disorder could increase.
Country Forecast Overview (3 Year)
| Key Indicators |
2008 |
2009 |
2010 |
| Real GDP Growth (%) |
3.20 |
.40 |
2.10 |
| Consumer Price Inflation (av;%) |
11.60 |
7.90 |
6.80 |
| Budget Balance (% of GDP) |
-2.30 |
-2.30 |
-1.50 |
| Current-Account Balance (% of GDP) |
-9.30 |
-5.00 |
-5.20 |
| Exchange Rate US$:Euro (av) |
34.63 |
38.21 |
40.96 |
| Exchange Rate US$:Euro(year-end) |
35.60 |
40.67 |
40.42 |
|
Dominican Republic GDP PPP & GDP Growth Rates
2004 - 2008
| 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 |
97.32 |
3.20 |
Dominican Republic: risk assessment
| Risk |
January 2009 |
| Sovereign risk |
B |
| Currency risk |
B |
| Banking sector risk |
B |
| Political risk |
B |
| Economic structure risk |
CCC |
|
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