The Gross Domestic Product (GDP) in Dominican Republic contracted 1.12 percent in the first quarter of 2019 over the previous quarter. GDP Growth Rate in Dominican Republic averaged 1.34 percent from 1991 until 2019, reaching an all time high of 12.65 percent in the first quarter of 1992 and a record low of -8.84 percent in the third quarter of 1992.
GDP Growth Rate in Dominican Republic is expected to be -1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Dominican Republic to stand at 5.20 in 12 months time. In the long-term, the Dominican Republic GDP Growth Rate is projected to trend around 4.70 percent in 2020, according to our econometric models.